KeyBank's Community Investment

In states where Key has a presence, there are approximately 1.7 million low- to moderate-income (LMI) households. Many LMI individuals don’t have bank accounts or access to credit, and Key recognizes this important segment of the population as the “underserved.” Unfortunately, many underserved individuals turn to payday lenders or check cashing stores as a source of banking and receive no help establishing a credit history, breaking the cycle of debt, or establishing savings.

Since launching KeyBank Plus in 2004, Key has been a leader in responsible innovation for the underserved. KeyBank Plus is a unique combination of solutions which goes beyond “traditional” banking, creates economic stability and wealth-building, and offers reasonably priced products with features that ensure responsible use. For its approach to the underserved, Key has been recognized as an industry leader by the Center for Financial Services Innovation (CFSI), the National Community Reinvestment Coalition (NCRC), the Federal Reserve, the U.S. House Finance Committee, and the Federal Deposit Insurance Corporation (FDIC).

 

Videos from this campaign

Person shown harvesting tomatoes in a garden.
gift ceremony
Great Day Colorado and KeyBank team members shown on Fox 31.
KeyBank Neighbors Make The Difference.
KeyBank: Neighbors Make the difference. Illustration of a woman holding a paintbrush.
Group of employees
Group of employees

Content from this campaign

Responsible Business & Employee Engagement

KeyBank to Present Community Lending Days in Utah
KeyBank will present Community Lending Days across the State of Utah in October. Various KeyBank Community Development Loan Officers will offer advice and details on products and assistance programs available to homebuyers.

Sustainable Finance & Socially Responsible Investment

$200,000 Investment by KeyBank To Help YWCA of Rochester & Monroe County Expand Options for Homeless Families
KeyBank is investing $200,000 to help Young Women's Christian Association of Rochester and Monroe County (YWCA) expand efforts to help homeless women and families find appropriate housing and improve financial stability. YWCA has been providing safe, quality housing to women.

Sustainable Finance & Socially Responsible Investment

KeyBank Provides $36.3 Million of Financing for Affordable Multifamily Housing in Colorado
KeyBank provided a $36.3 million for the new construction of Elevate at Aurora, a 137-unit family project in Aurora, CO. KeyBank Community Development Lending and Investment (CDLI) provided $30 million in Low Income Housing Tax Credit.

Sustainable Finance & Socially Responsible Investment

KeyBank Provides $41.2 Million of Financing for Affordable Multifamily Housing in New York
KeyBank Community Development Lending and Investment (CDLI) provided $17.1 million in Low Income Housing Tax Credit (LIHTC) equity and a $24.1 million permanent loan through the Fannie Mae forward MBS Tax-Exempt Bond (MTEB) program.

Philanthropy & Cause Initiatives

KeyBank Partners With Portland Thorns To Donate $200,000 to Local Nonprofits Supporting Girls and Women in Sports
KeyBank has partnered with the Portland Thorns and Team Captain Meghan Klingenberg during the 2023 National Women’s Soccer League (NWSL) regular season to create “Assist Off the Pitch.”

Philanthropy & Cause Initiatives

Great Day Colorado Highlights KeyBank Helping Food Bank of the Rockies
KeyBank joined Great Day Colorado for a segment on the partnership with Key and the Food Bank of the Rockies. In 2022, Key made an impactful $450,000 grant to the food bank in support of their Culturally Responsive Food Initiative program.

Sustainable Finance & Socially Responsible Investment

KeyBank Partnership With Operation HOPE Marks Beginning of New Era in Homebuyer & Financial Education in Buffalo
KeyBank and Operation HOPE, Inc., a national non-profit dedicated to financial empowerment for underserved communities, celebrated the beginning of a new era in homebuyer and financial education in Buffalo.

Philanthropy & Cause Initiatives

Project Lemonade Receives $35,000 Grant from KeyBank
KeyBank has awarded a $35,000 grant to Project Lemonade’s L+EARN internship program, which provides foster youth with career and financial coaching, ongoing mentorship and connections to future job opportunities.  

Philanthropy & Cause Initiatives

KeyBank Makes $100,000 Grant in Support of Life’s Kitchen Job Skills Training Program
KeyBank has awarded a $100,000 grant to Life’s Kitchen, a non-profit organization that prepares at-risk youth in Idaho to be successful in food service and other careers.

Sustainable Finance & Socially Responsible Investment

KeyBank Invests $800,000 in Legal Aid Society of Cleveland
KeyBank announced an investment of $800,000 in The Legal Aid Society of Cleveland to increase meaningful access to courts and government agencies and access to justice for people with low-income.
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