community development

2015 Nestlé Shared Value Report: A Long-Term Perspective

Celebrating 150 Years

To celebrate our 150th anniversary, we’re looking back to the brothers whose work would lead to the company we are today. George and Charles Page from Lee County, Illinois, built Europe’s first condensed milk factory in 1866 when they founded the Anglo-Swiss Condensed Milk Company. It would be a merger with rival Henri Nestlé, who in 1867 began selling his life-saving infant cereal in Vevey, Switzerland, that would lead to the creation of the Nestlé and Anglo-Swiss Condensed Milk Company.

Providing Safe and Healthy Housing to Veterans

by Caroline Blakely, President and CEO of Rebuilding Together

In 2010, the Department of Housing and Urban Development (HUD) unveiled a strategic plan to move the needle on housing the nation’s homeless veterans. They set an ambitious goal – as a part of the Open Doors strategy – to have zero homeless veterans by the end of 2015. This concentrated effort has yielded some incredible results. As of January 2015, veteran homelessness had declined 36 percent since 2010, and unsheltered homelessness had fallen by 47 percent.

JPMorgan Chase Launches $125 Million, Five-Year Initiative to Drive Economic Opportunity in Disadvantaged Neighborhoods

PRO Neighborhoods will invest in collaborative partnerships, innovative data-driven ideas to revitalize neighborhoods left behind by the recovery
Press Release

WASHINGTON, D.C., April 5, 2016 /3BL Media/  JPMorgan Chase & Co. today launched PRO Neighborhoods, a $125 million, five-year initiative to identify and support solutions for creating economic opportunity in disadvantaged neighborhoods around the country. The new initiative will invest in collaborative partnerships and innovative financial solutions to revitalize neighborhoods by growing small businesses, creating health and social service facilities, improving access to affordable housing and collecting better data to study changing neighborhood demographics.

KeyBank Provides $12 Million for Workforce and Affordable Housing Development in Niagara Falls, New York

Niagara City Lofts will provide workforce and affordable housing, benefit low-income veterans and special needs households
Press Release

February 29, 2016 /3BL Media/ -- Today, KeyBank announced it will provide a total of $12 million in capital to help develop the Niagara City Lofts in Niagara Falls, New York. The adaptive reuse project will convert an existing, abandoned public school, built in 1923 and vacant since 1986, into 61 units of workforce housing, affordable housing, market rate apartments, and a new commercial community space. The building has been submitted to the National Register of Historic Places for designation as a historic building.

Morgan Stanley Private Bank, National Association Receives an Outstanding on its First-Ever Rating from Office of the Comptroller of the Currency for Community Reinvestment Initiatives

Press Release

NEW YORK, October 26, 2015 /3BL Media/ – Morgan Stanley Private Bank, National Association, a national bank subsidiary of Morgan Stanley, has been recognized with the highest rating from the Office of the Comptroller of the Currency (OCC) for its excellent record in meeting the needs of the communities it serves.  The OCC evaluation notes that Morgan Stanley Private Bank, National Association significantly exceeded its CRA strategic plan goals for excellent community development services and that its community development lending had a significantly positive impact in part because it was re

PT Freeport Indonesia, a Freeport-McMoRan Company, Provides Free Eye Exams and Surgery to Communities in Papua


PT Freeport-Indonesia’s Partnership Fund for Community Development (LPMAK) funds free eye treatment and cataract surgery for the community of Mimika Regency in Papua, Indonesia.

Papua Province has a high cataract prevalence. Therefore the LPMAK has engaged a number of entities including Mimika Regency’s Health Office, RSUD Timika hospital, and the foundation Yayasan Kemanusiaan Indonesia to provide free eye treatment and cataract surgery for the community.

PT Freeport Indonesia, a Freeport-McMoRan Company, Provides Healthcare to Regions Inaccessible by Road


PT Freeport-Indonesia’s Partnership Fund for Community Development (LPMAK) funds a floating healthcare clinic boat. The boat most recently arrived in the Timika Regency of Papua, Indonesia, on September 25 to provide health services in the coastal villages of Mimika.


The floating clinic provides medical services for remote and isolated regions of the Mimika coast in Papua, Indonesia.


JPMorgan Chase Celebrates Opening of the Latest Community Development Project Financed by $100 Million Commitment to Detroit’s Recovery

Nine JPMorgan Chase-financed Detroit housing, manufacturing, healthy food and retail projects open, break ground or expand in 2015
Press Release

Detroit, September 17, 2015 /3BL Media/ – JPMorgan Chase & Co. today joined with partners from PK Housing, Midtown Detroit, Inc., Capital Impact Partners, Invest Detroit and Detroit Economic Growth Corporation in announcing the grand opening of the latest community development project in Detroit financed by the firm’s five-year, $100 million commitment to the city’s economic recovery. Rainer Court, at 711 West Alexandrine Street, adds 36 units of working professional and university student housing as well as 1,800 square feet of retail space in Detroit’s growing Midtown District.

KeyBank Real Estate Capital Appoints Robert Likes to National Manager of Community Development Lending and Investment

Press Release

CLEVELAND, June 16, 2015 /3BL Media/ – Key (NYSE:KEY) announced today the appointment of Robert Likes to National Manager of Community Development Lending and Investment (CDL). Likes, a 12 year veteran with KeyBank Real Estate Capital, will spearhead the national expansion of Key’s affordable housing platform. He reports to Norman Nichols, executive vice president and head of Income Property Group & Community Development Lending and Investment. 

Prior to this appointment, Likes was head of the Northwest Income Property Group at KeyBank Real Estate Capital.

The CSR Scoop - 6/05/2015


With June upon us, it’s tough to sit inside at a desk all day and remain engaged and passionate about the work on the screen in front of you. A number of articles this week reference the challenge of employee disengagement and dissatisfaction, and we feel it more than ever during these summer months. Hope remains, however - and it’s not just because we know that cold, gray winter will soon return to make us appreciate the comfortable warmth of our offices.


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