KeyBank CDLI

KeyBank Fuels Redevelopment Effort to Provide Seniors in New York with Affordable Housing Options

The financing will support the redevelopment of a former public school into 50 units of affordable housing for low-income seniors and homeless frail elderly
Press Release

CLEVELAND, December 18, 2018 /3BL Media/— KeyBank Community Development Lending & Investment (CDLI) provided a $10.8 million construction loan to support the Jason Gwilt Memorial Senior Apartments, a converted public school in Verona, NY that will make 50 units of affordable seniors housing and a senior center available to the community.

KeyBank Provides $15.5 Million in Total Financing for Construction of Affordable Housing in Rochester

Press Release

CLEVELAND, July 3, 2018 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided $15.5 million in total financing to Home Leasing, LLC for the construction of Charlotte Square on the Loop in Rochester, NY. Key provided a $6.6 million construction loan, plus $8.9 million in Low-Income Housing Tax Credit (LIHTC) equity.

KeyBank Provides $14.9 Million in Financing for Affordable Housing Acquisitions

Press Release

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 Provides $3 Million in Financing for Ammon Affordable Housing Property

Press Release

CLEVELAND, February 1, 2018 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided a $3 million construction loan with 9% LIHTC financing for the acquisition and rehabilitation of Peterson Park, an existing 39-unit USDA Rural Development affordable housing property, located in Ammon, ID, that will add one additional unit upon renovation. The property is comprised of five, two-story buildings, with units reserved for tenants earning between 30-60% area median income (AMI).  The project will benefit from a Rental Assistance Contract for all 40 units.

KeyBank Provides $8.5 Million in Financing for Affordable Housing in Washington

Press Release

CLEVELAND, January 29, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided an $8.5 million construction loan and $10.5 million in 9% LIHTC equity for the development of Renton Commons, a 48-unit affordable housing project with 36 units of permanent supportive housing, located in Renton, WA.

KeyBank Provides $16.6 Million in Total Financing for New Affordable Housing in Pittsburgh

Press Release

CLEVELAND, January 26, 2018 /3BL Media/ — KeyBank Community Development Lending & Investment (CDLI) has provided $16.6 million in total financing for Allegheny Dwellings Phase I. The first of three phases, Allegheny Dwellings Phase I involves replacing existing public housing with 65 new mixed income units in Pittsburgh’s Fineview neighborhood. The Project will be developed by TREK Development Group, in partnership with the Housing Authority of the City of Pittsburgh.

KeyBank Provides $8.2 Million in Financing for Construction of New York Affordable Housing Property

Press Release

CLEVELAND, December 13, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided an $8.2 million credit enhancement for the construction of Roosevelt Residences, located in Utica, NY. The project is being developed by Norstar Development USA, L.P., and the Municipal Housing Authority of the City of Utica, NY.

KeyBank Provides $13.7 Million in Total Financing for Affordable Housing in Alaska

Turnagain Place will support households earning 50% and 60% AMI, persons with disabilities and persons who have experienced homelessness
Press Release

CLEVELAND, September 11, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided a total of $13.7 million in financing to Swell LLC, for the construction of Turnagain Place in Anchorage, AK. KeyBank financed a $6.3 million construction loan, a $5.9 million LIHTC equity investment and a $1.5 million balance sheet permanent loan. The 29-unit apartment project will serve households earning 50% and 60% AMI, persons with disabilities and persons who have formerly experienced homelessness.

KeyBank Provides $10.3 Million for Construction of Affordable Housing in Port Angeles, WA

Press Release

CLEVELAND, Aug. 3, 2017 /3BL Media/ —KeyBank Community Development Lending & Investment (CDLI) has provided $10.3 million in financing to Peninsula Housing Authority (PHA) for the new construction of Mt. Angeles View, located in Port Angeles, WA. The 63-unit LIHTC regulated property is Phase I of a four-phase development that will redevelop the existing Mt. Angeles View public housing community. The units are designated for families earning 30-60% AMI.

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