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).

 

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Content from this campaign

Sustainable Finance & Socially Responsible Investment

KeyBank Invests $150,000 in Homeport To Connect Central Ohioans to Homebuyer Education, Resources
KeyBank and the KeyBank Foundation announced an investment of $150,000 in Columbus-based Homeport, aimed at bolstering its Housing Advisory Services (HAS) program.

Philanthropy & Cause Initiatives

$300,000 Investment from KeyBank to Help Support and Grow Culinary Apprenticeship Program at Foodlink
A $300,000 investment from KeyBank will help support growth and expansion of a culinary apprenticeship program at Foodlink. This grant is part of KeyBank’s commitment to invest $40 billion in the communities it serves.

Philanthropy & Cause Initiatives

Vine Maple Place Receives $200,000 Grant From KeyBank
Vine Maple Place has received a $200,000 grant from KeyBank to support its Stable Families Program, which helps single-parent families who are homeless or days away from becoming unhoused. The funding will also be used to add capacity, extending the reach by nearly 50%.

Philanthropy & Cause Initiatives

Latino Network Hosts Fundraiser and Receives $300,000 Grant From KeyBank
Latino Network hosted a Gather for Good fundraiser on Thursday, February 8th in downtown Portland and received a $300,000 grant from KeyBank to support its Escalera (11th and 12th grades) and Fuerza (post-secondary) programs.

Sustainable Finance & Socially Responsible Investment

KeyBank Provides $18.1 Million of Financing for the Construction of New Affordable Single Family Homes in Cleveland
KeyBank Community Development Lending and Investment (CDLI) invested $10.2 million of 4% Federal LIHTC Equity and provided a $7.9 million construction loan to finance the development of Henrietta Homes. The development will consist of 40 lease-to-purchase (LTP) affordable homes.

Responsible Business & Employee Engagement

KeyBank Teammates Discuss Best Practices for Homebuying and Programs to Help Make Home Ownership Easier
Recently, KeyBank Senior Mortgage Loan Officer, NMLS# 1097632, Raul Gongora and Corporate Responsibility Officer Mattie Jones-Hollowell appeared on “New Day Cleveland” on WJW-TV to discuss Key’s commitment to its hometown of Cleveland and ways banks can help make homebuying easy.

Philanthropy & Cause Initiatives

Junior Achievement of Oregon and SW Washington Receives $225,000 From KeyBank
Junior Achievement of Oregon and SW Washington has announced a grant of $225,000 from KeyBank to launch the expansion of its JA Capstone Program. The funds will support upgrades to its S.E. Portland facilities and spearhead a major initiative to serve more Oregon and Washington.

Sustainable Finance & Socially Responsible Investment

KeyBank Partners With Community Lending Institutions To Provide $50 Million in Access to Capital
KeyBank announced placement of $50 million in deposits with six Community Development Financial Institutions and Minority Depository Institutions (MDIs), including four Black-owned banks or managed banks and two banks serving Alaskan Native and Native American communities.

Sustainable Finance & Socially Responsible Investment

KeyBank Provides $34.3 Million of Financing for the Rehabilitation of Six Affordable Housing Properties in Chicago
KeyBank Community Development Lending and Investment (CDLI) provided a $34.3 million in construction and permanent financing through the HUD 221(d)(4) Mortgage Insurance program to facilitate the substantial rehabilitation of six low-income apartment buildings.

Sustainable Finance & Socially Responsible Investment

KeyBank Community Development Lending and Investment Provides $400 million in Financing for the $101 Million Renovation of Affordable Seniors Housing in Rochester, N.Y.
KeyBank (CDLI) in partnership with the Urban Investment Group (UIG) within Goldman Sachs Asset Management, invested $135.6 million of 4% Federal LIHTC Equity and provided a $200 million construction loan for the planned renovation of Andrews Terrace, in Rochester, New York.
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