Eaton Street Apartments will help revitalize the neighborhood and provide critical, quality affordable housing for low-income families
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.
Community Benefits Plan exceeds expectations in first year; $2.8 billion invested in communities during 2017
CLEVELAND, May 11, 2018 /3BL Media/ - KeyBank has released its 2017 Corporate Responsibility Report, highlighting progress in the areas of responsible banking, responsible citizenship and responsible operations. Included in the report are the first year results of the five-year National Community Benefits Plan, under which KeyBank invested $2.8 billion in communities. KeyBank executives said the investment exceeded the goals for 2017 by 21% and represents a strong start for the five-year plan.
CLEVELAND, May 2, 2018 /3BL Media/ - In recognition of its diversity and inclusion management, KeyBank has earned the #35 place on the 2018 DiversityInc “Top 50 Companies for Diversity” list. KeyBank was also ranked #13 on the “Top Companies for Diversity Councils” list. The honors were announced by DiversityInc at an event in New York on May 1.
This year marks the ninth time KeyBank placed on the Top 50 list and the fifth consecutive appearance on the DiversityInc “Top Companies for Diversity Councils” list.
CLEVELAND, April 4, 2018 /3BL Media/ — KeyBank Community Development Lending and Investment (CDLI) has provided a total of $38.5 million to Ida Yarbrough Phase II LLC, an entity owned by Albany Housing Authority (AHA), for the new construction of Ida Yarbrough Homes. The 76-unit, affordable housing property is located in Albany, NY and will set aside 12 apartments for households at risk for homelessness.
CLEVELAND, March 26, 2018 /3BL Media/ — KeyBank Community Development Lending & Investment (CDLI) has provided a total of $23.7 million in Fannie Mae financing to Harmony Housing, a 501(c)(3) nonprofit organization dedicated to providing safe, clean and comfortable affordable housing throughout the United States, for the acquisition of two affordable housing properties in Texas.
CLEVELAND, March 5, 2018 /3BL Media/ – KeyCorp announced today that Bruce Murphy, Head of Corporate Responsibility, has shared his intention to retire on July 1, 2018. Key also announced that Don Graves will succeed Murphy and assume responsibility for Key’s Corporate Responsibility and Community Relations functions.
At a gathering of more than 80 business and community leaders in New Haven, Connecticut, the KeyBank Foundation announced a $1 million, multi-year grant to the Connecticut Center for Arts and Technology (ConnCAT). The funding is earmarked to support ConnCAT’s career training and advancement programs for adults in Greater New Haven.
CLEVELAND, February 23, 2018 /3BL Media/ — KeyBank Community Development Lending & Investment (CDLI) has provided $43 million in construction financing to BRIDGE Housing Corporation (BRIDGE) for the development of 203 affordable housing units in the RiverPlace neighborhood of Portland, OR. The affordable housing project is the culmination of a competitive request for proposal process initiated jointly by the Portland Housing Bureau and Prosper Portland. National Equity Fund, Inc. is the Low-Income Housing Tax Credit limited partner of RiverPlace Housing 3 Limited Partnership (LP).
CLEVELAND,February 6, 2018 /3BL Media/ - KeyBank Real Estate Capital has provided a total of $14.9 million in Fannie Mae financing to Harmony Housing, a 501(c)(3) nonprofit organization dedicated to providing safe, clean and comfortable affordable housing throughout the United States, for the acquisition of three affordable housing properties in North Carolina, Texas and Wisconsin.
KeyBank and partner organizations will help eligible low- to moderate-income individuals and families take advantage of the Earned Income Tax Credit
CLEVELAND, January 30, 2018 /3BL Media/– KeyBank will host its annual Super Refund Saturday event on February 3, 2018, partnering with organizations in nine communities to provide free tax season and post-tax season support.