Key Supports Affordable Housing

KeyBank Community Development Lending and Investment helps fulfill Key’s purpose to help clients and communities thrive by financing projects that stabilize and revitalize communities. Experts in complex tax credit investing, Key is one of a handful of affordable housing lenders in the country with a platform that brings together balance sheet, equity, and permanent loan offerings. In 2014, Key’s Community Development Lending and Investment platform provided nearly $400 million in debt and equity financing to developments in underserved communities. KCDC alone has a substantial portfolio with a current book value of more than $1 billion, 90% of which is Low Income Housing Tax Credit investment. For its ability to lend to, invest in, and serve its communities, especially low-to-moderate income communities, KeyBank, as of its last exam, was the first top U.S. bank to have earned eight “Outstanding” ratings from the Office of the Comptroller of the Currency (OCC), for exceeding the terms of the Community Reinvestment Act (CRA) exam.

Content from this campaign

Philanthropy & Cause Initiatives

Habitat for Humanity of Metro Denver Receives $175,000 Grant from KeyBank to Support Homebuyer Education Program
KeyBank awarded a $175,000 grant to Habitat for Humanity of Metro Denver (Habitat Metro Denver) to create a more robust and impactful homebuyer education program for low- and moderate-income families.

Events, Media & Communications

KeyBank to Participate in Home Ownership Seminar in Buffalo
KeyBank will take part in MMB Realty’s Group’s Home Ownership Seminar in Buffalo, NY. KeyBank will be offering advice and details on products and assistance programs available to homebuyers.

Sustainable Finance & Socially Responsible Investment

KeyBank Provides $90.7 Million of Financing for Acquisition and Rehabilitation of Affordable Housing in Monroeville, PA.
KeyBank Community Development Lending and Investment (CDLI) provided a $35 million construction loan and $15.7 million in 4% federal low-income housing tax credit (LIHTC) equity to finance the acquisition and rehabilitation of Cambridge Square Apartments, located in Monroeville.

Sustainable Finance & Socially Responsible Investment

KeyBank Provides $12.5 Million of Financing for New Affordable Housing in New Mexico
KeyBank Community Development Lending and Investment (CDLI) provided a $12.5 million construction loan for the development of The Three Sisters, an affordable multifamily housing property in Las Cruces, New Mexico.

Responsible Business & Employee Engagement

KeyBank’s Expanded Relationship Benefits and New Perks Offer Consumers More Flexibility and Control of Their Finances
In the latest demonstration of its commitment to helping clients move forward on their individual financial journeys, KeyBank announced expanded relationship benefits to enhance the banking experience and unlock new benefits, including discounted rates on personal loans.

Events, Media & Communications

KeyBank to Sponsor Homebuying Workshop in Cincinnati
KeyBank will sponsor a homeownership workshop in Cincinnati, OH in partnership with the Jurisdiction-Wide Advisory Board (J-RAB). Chris Browning, KeyBank Mortgage Loan Officer (NMLS# 1486631), will offer advice and details on products and assistance programs that may be available

Events, Media & Communications

KeyBank, Operation HOPE and CAO to Participate in “Hope for Homeownership” Event in Buffalo
KeyBank, Operation HOPE and CAO of WNY will take part in an event for first-time homebuyers in Buffalo, NY. The event will take place on Monday December 11, 2023 from 5:30 p.m.-7:30 p.m. at the CAO Edward Saunders Unity Center located at 2777 Bailey Avenue in Buffalo.

Sustainable Finance & Socially Responsible Investment

KeyBank Provides $11.3 Million of Financing for New Affordable Seniors Housing in Cleveland
KeyBank Community Development Lending and Investment (CDLI) provided $11.3 million for 9% tax credit equity to finance the new construction of Garrett Square Apartments, a 49-unit affordable seniors housing project located in the Glenville neighborhood of Cleveland, Ohio.

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

KeyBank Provides $31.7 Million of Financing for Affordable Multifamily Housing in California
KeyBank Community Development Lending and Investment (CDLI) provided a $31.7 million construction loan and KeyBanc Capital Markets provided a floating-to-fixed interest rate swap for the development of an affordable multifamily housing property in Petaluma, California.
KeyBank Logo

More from KeyBank

  1. 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...
  2. KeyBank's Commitment to Diversity
    Promoting inclusive environments by employing systemic changes to improve the access of individuals of diverse backgrounds. Learn more about our...
  3. Key Supports Affordable Housing
    KeyBank Community Development Lending and Investment helps fulfill Key’s purpose to help clients and communities thrive by financing projects that...
  4. KeyBank Foundation: Helping Communities Thrive through Education, Workforce Development, and Service
    KeyBank Foundation helps build thriving communities by supporting organizations and programs that foster thriving students and a thriving workforce...
  5. KeyBank: Responsible Banking
    Everyone’s financial journey is different. We make intentional efforts to meet the individual needs of clients and communities through a diverse range...
  6. KeyBank 2022 Environmental, Social and Governance Report
    “As we move forward, we’ll continue our focus on creating shared value. From investing in communities to reducing our own carbon footprint to...
  7. KeyCorp's Sustainability Initiatives
    Responsible banking means conducting the core business of banking with integrity, and it includes our products, services, pricing, and approach to...
  8. KeyBank 2021 Environmental, Social and Governance Report
    “At Key, being a responsible corporate citizen is central to who we are and how we do business. We are committed to delivering for all stakeholders by...
  9. Focused Forward: KeyCorp 2013 CR Report
    KeyCorp's 2013 Corporate Responsibility Report was released on Monday, September 15, 2014. Content from the report will be issued and promoted...