community development

What's Driving Change in Our Community Investment Programs?

4 Key Forces Driving the CSR Evolution
Blog
  • What impact is our program having? 
  • What difference are we making in the community through our philanthropic efforts? 
  • Why does our organization give money away? 
  • How will that help our business? 

Teck Releases 2019 Economic Contribution Report

Article

Teck has released its fourth annual Economic Contribution Report, detailing the direct economic benefits created in the communities and jurisdictions where we operate, including payments to suppliers, employee wages and benefits, and payments to governments.

In 2019, Teck provided $12.4 billion in total economic contribution across all areas where we operate, including:

  • $8.9 billion in Canada
  • $1.8 billion in Chile
  • $1.5 billion in the U.S.

Some highlights of our total economic contribution include:

Prudential Financial: Going Above and Beyond Through Pro Bono Service

How this global financial firm is strengthening bonds—and small businesses—in their hometown of Newark, NJ.
Blog

As Taproot Foundation’s 2020 U.S. Pro Bono Summit Virtual Series continues, we’re releasing a series of profiles featuring companies who are on the leading edge of pro bono service as we all work towards rebuilding our communities in the face of a global crisis.

How Positive "Impact Bonds" Build on Strong Foundations

Article

by Benjamin Bailey, CFA, Praxis Mutual Funds & Everence Financial 

Praxis Mutual Fund shareholders expect us to invest with their values in mind. The Praxis Impact Bond Fund turned 25 this year and through the first half of the fund’s tenure we diligently focused on screening out holdings contrary to those shared values. In 2006, our eyes were opened by a public bond offering that showed us what positive impact bonds (those bonds that make a positive impact on the climate and/or communities) could do.

Consumers Energy Foundation Provides $250,000 to New Effort to Create Housing Opportunities in Flint

Press Release

FLINT, Mich., November 12, 2019 /3BL Media/ – The Consumers Energy Foundation celebrated its commitment to Michigan’s communities today by providing $250,000 for a new effort to upgrade and sell over three dozen vacant homes to first-time homebuyers in Flint.

A First Step for Place-Focused Foundations

Three ideas for getting started as local impact investors
Blog

by Travis Green, Solutions Consultant, LOCUS Impact Investing

The Capacities Foundations Need to Embark on Place-Based Impact Investing

Article

by Teri Lovelace, President, LOCUS Impact Investing

Place-based impact investing is sparking community development projects that create more just, equitable local economies, and build prosperous, vibrant communities. Place-focused foundations, like community foundations and family foundations are exploring ways to complement their traditional grant-making with local investments that can catalyze positive community change. 

KeyBank Secures $37.1 Million in Combined Financing for Multifamily Workforce Property in Orlando

Castilian Apartments is a workforce housing project featuring units with rents at 80% area median income (AMI) or less
Press Release

CLEVELAND, January 28, 2019 /3BL Media/ — KeyBank announced today $37.1 million in total combined financing to support the refinancing of Castilian Apartments in Orlando, FL by Dominium, one of the largest affordable housing development and management companies in the United States.

The 14.8-acre workforce housing multifamily property features 17, two-story residential buildings with 304 garden-style apartments. Castilian Apartments was originally built in 1975 and renovated in 2017.

KeyBank Provides $70 Million in Combined Financing for 241 Units of Affordable Seniors Housing in Lacey, WA

The combined construction and permanent loan financing will make 241 units of quality affordable housing accessible to seniors aged 55 or older
Press Release

CLEVELAND, January 25, 2019 /3BL Media/ — KeyBank Community Development Lending and Investment (CDLI) provided $70 million in combined construction and permanent loan financing to AVS Communities for the Reserve at Lacey, a 241-unit affordable housing property serving seniors aged 55 or older who earn 60% of the area median income (AMI). Reserve at Lacey is in Lacey, WA.

KeyBank Closes $24.5 Million in Financing for the Renovation of 647 Affordable Housing Units in the Bronx

The rehabilitation of two properties in New York City will significantly improve residents’ quality of life and establish permanent affordability for these units, as part of the Permanent Affordability Commitment Together (PACT) program
Press Release

CLEVELAND, January 25, 2019 /3BL Media/ — KeyBank Community Development Lending and Investment (CDLI) recently closed $24.5 million in total financing for the Gilbane Development Company’s acquisition and renovation of two New York City Housing Authority (NYCHA) properties, Highbridge Franklin and Twin Parks West, to preserve 647 units of permanent affordable housing in the Bronx, NY.  

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