Key Community Development Lending/Investment

KeyBank Provides a Total of $49.7 Million in Financing for Colorado Affordable Housing Development

Eaton Street Apartments will help revitalize the neighborhood and provide critical, quality affordable housing for low-income families
Press Release

CLEVELAND, May 16, 2018 /3BL Media/ — KeyBank’s Community Development Lending & Investment (CDLI) team has provided a total of $49.7 million in financing to a joint venture among Koelbel and Company, Mile High Development and Longs Peak Advisors to support the new construction of Eaton Street Apartments, a 118-unit affordable housing development in Westminster, CO. Specifically, KeyBank provided a $24.8 million construction loan, a $14.1 million LIHTC equity investment and a $10.8 million Fannie Mae permanent loan. Jefferson County Housing Authority is a Special Limited Partner.

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