KeyBank Community Development Lending and Investment provides capital solutions for affordable housing and community development projects in urban and rural communities across all 50 states. As one of the nation’s premier affordable housing capital providers, we offer one-stop-shop debt and equity capabilities that bring together balance sheet, equity and permanent loan offerings.
Affordable housing owner-operators and developers seeking to build, acquire and preserve affordable housing can leverage Key’s broad, fully integrated platform, including solutions such as: construction; acquisition; bridge-to-re-syndication and preservation loans; lines of credit; various permanent loan executions including Fannie Mae, Freddie Mac, FHA/HUD and bond; and equity investments for low-income housing projects, especially Low Income Housing Tax Credit (LIHTC) financing. In addition, the KeyBank team can help clients assemble innovative and complex financing in partnership with multiple for-profit, non-profit and government entities.
With a national presence and a seasoned team of more than 50 professionals serving clients coast to coast, we deliver deep product and solution expertise to help local affordable housing and economic development projects succeed.
KeyBank Community Development Lending and Investment provided a total of $12.5 million to Wasatch Advantage Group for the new construction of Founders Pointe Apartments. The 97-unit seniors housing project is located in Midvale, UT.
KeyBank Community Development Lending and Investment provided a $7.4 million bridge loan to the Community Builders, Inc. (TCB), a 501(c)(3) affordable housing developer, for the acquisition of Commodore Place Apartments.
KeyBank Community Development Lending and Investment has provided a $6.8 million construction loan to Twin Pines Housing Trust & Housing Vermont for the development and rehabilitation of historic affordable housing properties, part of Hartford Scattered Sites.
In the News
Products & Services
- Bridge-to-re-syndication and preservation loans
- Lines of credit
- Fannie Mae, Freddie Mac, FHA/HUD and private placement tax-exempt bond programs
- Various permanent loan executions
- Equity investments for low-income housing projects, especially Low Income Housing Tax Credit (LIHTC) financing
- Federal Home Loan Bank programs
Community Reinvestment Act
KeyBank’s corporate mission is to help clients and communities thrive. For its ability to lend to, invest in and serve its communities, especially low-to-moderate income communities, KeyBank has earned eight “Outstanding” ratings from the Office of the Comptroller of the Currency (OCC), on the Community Reinvestment Act (CRA) exam. Key was the first U.S. national bank among the 25 largest to be rated Outstanding eight consecutive times since the Act’s passage in 1977.