CLEVELAND, September 7, 2021 /3BL Media/ –KeyBank Real Estate Capital secured $28.1 million of fixed-rate Fannie Mae financing for the construction on Villas at Mt. Zion and Flats at Mt. Zion in Clayton County, Georgia. These developments are a joint venture partnership between Zimmerman Properties and TriStar, LLC; and was formed to build and operate affordable housing communities offering innovative wraparound services focusing on the education, social and emotional wellbeing of its residents.
by Deisy Verdinez of the US Green Building Council
There’s renewed commitment from companies and organizations to run their business and operations in more sustainable ways. As communities and consumers begin to demand more from organizations to do more to support their communities, many are not only including sustainability in corporate social responsibility plans but are also are setting ambitious goals to reduce their impacts on the environment. And they’re making real strides in achieving these goals.
CLEVELAND, June 25, 2021 /3BL Media/ – KeyBank Community Development Lending and Investment (CDLI) provided a $22.6 million high leverage bridge loan for Evergreen Real Estate Group, a Chicago-based developer, acquirer and manager of affordable and market-rate multifamily communities, to acquire and preserve two contiguous affordable housing properties in Chicago that comprise 217 units. All but two of the units operate with a Housing Assistance Payment contract.
CLEVELAND, June 23, 2021 /3BL Media/ – KeyBank Community Development Lending and Investment (CDLI) provided $20.6 million of capital for TWG, a real estate development company based in Indianapolis, to purchase and renovate an affordable housing property in Oklahoma City.
The capital includes a $9.3 million construction loan, $7 million of low-income housing tax credit equity from the Key Community Development Corporation and a $4.3 million permanent loan.
June 16, 2021 /3BL Media/ - Today, The Home Depot Foundation announced it has invested an additional $1.4 million among Atlanta Habitat for Humanity, HouseProud Atlanta and Quest Community Development, in support of affordable housing for veterans and residents in Atlanta. Together with these hometown nonprofit partners, the Foundation will continue its mission to provide critical home repairs and supportive affordable housing for under-resourced communities.
TORONTO, April 12, 2021 /3BL Media/ - Scotiabank announced that it is the first large financial institution in Canada to align with Canada Mortgage and Housing Corporation (CMHC) to transform housing affordability across the country. Scotiabank plans to mobilize $10 billion over the next ten years in support of CMHC's aspiration – that by 2030, everyone in Canada has a home they can afford and that meets their needs.
Expanding affordable housing to address homelessness in partnership with Community Solutions
March 30, 2021 /3BL Media/ - For nearly a decade, The Home Depot Foundation has partnered with Community Solutions, an organization committed to ending homelessness through data-driven, innovative methods, to help solve veteran homelessness in communities across the nation. Recently, Community Solutions announced the purchase of a new 132-unit apartment building to provide affordable housing for veterans experiencing homelessness in Atlanta.