Walton Apartments

Building senior housing in Cleveland, Ohio, through public-private partnerships.

Greg Baron, Völker Development Inc: By this time next year, in the vacant lot behind me, you guys will find a beautiful, brand new 52-unit apartment building exclusively for seniors. 

Shanelle Smith Whigham, KeyBank: I want to try not to get emotional because this is a very proud moment for us at KeyBank. This project proves what's possible when you align public and private capital around community priorities. This is what partnership looks like. KeyBank bringing financial strength, LISC bringing mission expertise, and the city created an environment where good projects can happen faster and at scale.

Celia Smoot, KeyBank: This project represents the very best of what KeyBank does. Over $24 million in investment through tax credit equity investment, as well as providing the construction lending and a small permanent on-balance sheet loan, which is in itself a great feat. 

Justin Bibb, Mayor of Cleveland: This project is going to help turn around Ward 14. So congratulations to all the partners who made this possible and let's keep seeing more shovels in the ground in every part of our city.