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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.

KeyCorp Names Kim Manigault As Chief Diversity & Inclusion Officer

Press Release

CLEVELAND, January 25, 2018 /3BL Media/ – KeyCorp (NYSE: KEY) today announced that Kim Manigault has been named as Chief Diversity & Inclusion Officer for the company. In this role, Manigault will be responsible for championing a diverse workforce and leading the long-term planning and execution of related initiatives across the organization. Manigault replaces Poppie Parish who retired from Key at the end of 2017.

KeyBank Provides $10.4 Million in Total Financing for Affordable Housing in Upstate New York

Press Release

CLEVELAND, January 23, 2017 /3BL Media/ — KeyBank Community Development Lending & Investment (CDLI) has provided a total of $10.4 million in financing to Ithaca Neighborhood Housing Services, Inc., for the acquisition and rehabilitation of Ithaca City Apartments, a 98-unit complex located in Ithaca, NY.

Ithaca City Apartments will be permanently restricted as affordable housing, and create high-quality, energy efficient options in one of the strongest housing markets in upstate NY.

Lynne Callis-Wilson of Key’s CDLI group arranged the financing.

KeyBank Provides $4.4 Million in Financing for Multifamily Affordable Housing in New York

Press Release

CLEVELAND, December 14, 2017 /3BL Media/ — KeyBank Community Development Lending & Investment (CDLI) has provided a $4.4 million Fannie Mae loan to Mt. Vernon Associates, LP, to renovate Greencourt Apartments, a 76-unit, multifamily affordable apartment complex in Mount Vernon, NY, with 59 units reserved for tenants earning no more than 60% AMI.

The property was constructed in 1926 and received LIHTC funding to help finance a substantial renovation in 1997.

John Gilmore IV and Jeff Rodman of KeyBank’s CDLI team arranged the financing.

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 $8.3 Million in Total Financing for Affordable Housing in Cincinnati

Morgan Apartments will serve families earning between 30% and 60% AMI
Press Release

CLEVELAND, November 27, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided a total of $8.3 million in 9% LIHTC financing to The Model Group, Inc. and Over-the-Rhine Community Housing, Inc. (OTRH) for the acquisition and renovation of Morgan Apartments, a 48-unit scattered site, affordable multifamily housing project in Cincinnati, OH. KeyBank arranged a $7.8 million construction loan and a $450,000 permanent loan, using the FHLB of Cincinnati’s Community Investment Program (CIP).

KeyBank Provides $5.7 Million in Financing for Construction of Affordable Housing for Seniors in Ohio

Press Release

CLEVELAND, October 18, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided $5.7 million to The Woda Group, Inc. (Woda) for the new construction of Audubon Crossing, located in Dayton, OH. The 50-unit, three-story residential apartment community will be income- and age-restricted to seniors 55 and older with 35-60% AMI.

KeyBank Provides $5.7 Million in Financing for Construction of Affordable Housing for Seniors in Ohio

Press Release

CLEVELAND, October 18, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided $5.7 million to The Woda Group, Inc. (Woda) for the new construction of Audubon Crossing, located in Dayton, OH. The 50-unit, three-story residential apartment community will be income- and age-restricted to seniors 55 and older with 35-60% AMI.

KeyBank Provides $46 Million in Total Financing for Affordable Housing in Colorado

North Range Crossing will serve families earning 60% AMI or less
Press Release

CLEVELAND, October 6, 2017 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided a total of $46 million in financing to Dominium for the new construction of North Range Crossing, a 216-unit affordable multifamily project in Commerce City, CO. KeyBank arranged for the affordable housing and development company a $32.8 million construction loan and a $13.1 million equity bridge loan using tax-exempt bonds issued by the Colorado Housing and Finance Authority (CHFA) and an allocation of 4% LIHTC credits.

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