CLEVELAND, October 12, 2018 /3BL Media/ - KeyBank Community Development Lending & Investment (CDLI) has provided $6 million in construction financing to Woda Cooper Communities for the acquisition and substantial rehabilitation of the Stuyvesant Motor building in Cleveland, OH. Upon completion, the historic five-story building will be renamed Prospect Yard and contain 42 units serving individuals and families earning at or below 60% area median income (AMI).
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.
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.
Key to provide $16.3 million to Christopher Community Inc., for the construction of Harborbrook Apartments, a mixed-income development in Geddes, NY
CLEVELAND, June 7, 2017 /3BL Media/ — KeyBank’s Community Development Lending & Investment (CDLI) team will provide a total of $16.3 million in financing to Christopher Community, Inc. for the construction of Harborbrook Apartments, a mixed-income senior housing development near Syracuse, in Geddes, NY. Christopher Community, Inc., a nonprofit specializing in the development and management of senior housing facilities, will receive a $7.3 million construction loan and up to $9 million in LIHTC equity from KeyBank.
Emerald Alliance IX will provide 66 units to residents who have experienced chronic, long-term homelessness
CLEVELAND, Ohio, October 20, 2016 /3BL Media/ — Today, KeyBank’s Community Development Lending & Investing group (CDLI) announced it will provide $9.6 million in the form of Low Income Housing Tax Credit (LIHTC) equity to help finance Emerald Alliance IX in Cleveland, OH. Upon completion, the project will be renamed Inez Killingsworth Place and offer 66 units of permanent supportive housing plus supportive services to chronically homeless individuals making less than 30, 50 or 60 percent of the area median income.
Marks the third consecutive time KeyBank is honored on the annual Civic 50 list
CLEVELAND, June 28, 2016 /3BL Media/ – KeyBank was recognized today as one of the most community-minded companies in the nation, as a part of Points of Light’s "Civic 50," marking the third consecutive time that KeyBank has been included on the 50-company list. Civic 50 is an initiative that sets the standard for corporate civic engagement and creates a roadmap for companies seeking to best use their time, talent, and resources to improve the quality of life in the communities where they do business.
Employee Donations will be Matched Dollar-for-Dollar
CLEVELAND, Ohio, June 16, 2016 /3BL Media/ — Today, KeyBank Foundation announced it will donate $50,000 to the OneOrlando Fund, announced on Monday by Orlando Mayor Buddy Dyer, established to respond to the needs of the Orlando community after the Pulse nightclub tragedy.
Devoe II Housing, an expansion of Drexel House, will make permanent supportive housing available to veterans and homeless individuals in Olympia and Thurston Counties
CLEVELAND, June 8, 2016 /3BL Media/ — KeyBank announced it will provide a total of $16.2MM to help develop 50 units of permanent supportive housing for veterans and homeless individuals at Devoe II Housing. Living options will be provided for individuals making at or below between 30 and 50 percent of the area median income. The $16.2MM total is comprised of a $6.9MM construction loan and a $9.3MM equity investment. Aubre Dickson and Jennifer Seamons of Key’s Community Development Lending & Investing (CDLI) team arranged the financing.
Nearly 50 percent of KeyBank Employees Will Volunteer with more than 700 Community Organizations in 15 States Today
CLEVELAND, May 25, 2016 /3BL Media/ – On May 25, KeyCorp (NYSE: KEY) will host its 26th annual Neighbors Make the Difference Day, where nearly 50 percent of bank employees will participate in a day of volunteerism supported by paid time off. Employees will spend the day volunteering with more than 700 community organizations and service projects in the 15 states where Key has a presence across the nation, including California, Massachusetts and Kansas, among others.
Report highlights 11 percent reduction in energy consumption over 2014 and expansion of affordable housing investment platform to all 50 states in 2015, among other responsible activities
CLEVELAND, May 23, 2016 /3BL Media/ – Today, KeyCorp (NYSE: KEY) released its 2015 Corporate Responsibility (CR) Report, detailing the company’s responsible approach to banking, citizenship and operations during the 2015 calendar year. The annual report describes and shares data related to KeyBank's products and services, diversity and philanthropy initiatives and sustainability efforts.