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Community Development Lending & Investment

Thriving communities are built on investment.

Deep affordable housing expertise allows us to bring valuable content and actionable ideas to our clients. We’re ready to help move your business toward its strategic goals using an integrated, national platform.


mid-market_deals_of_the_year_logo KeyBank ranked #2 Affordable Housing Lender of 2021 by Affordable Housing Finance. Read more about the recognition here.


See how our teams are financing affordable housing that restores dignity, independence and strengthens communities for our most beloved citizens.

Amy Custodio: Sometimes after a certain event in your life, it's kind of hard.

Diana Toohey: I lived in a horrendous situation. And I was seeing my mental health going down.

Marlene Alva: And a lot of us are under a thousand dollars in income.

Bruce Nicholson: Made it very difficult for us, because large medical bills.

Robert Likes: It's critical that projects like this project get developed so that the seniors can have enough discretionary income left over to pay for necessities like food and transportation and healthcare.

JoAnn Seghini: I believe that affordable housing is the answer to the problems that we have in our community.

Kip Sheppard: Our goal is to continue to provide safe, decent quality housing for our senior population.

Amy Custodio: So when I got approved for this place, I'm more independent and I can stay here.

Diana Toohey: The key to not only success, but to rise above.


KeyBank was the second largest affordable housing lender for 2021.*

KeyBank Community Development Lending and Investment (CDLI) provides more than capital solutions. It’s a much-needed investment for affordable housing and community development projects in urban and rural communities across all 50 states. Affordable housing owner-operators and developers looking to build, acquire and preserve affordable housing come to us because we know how to move complicated deals over the finish line. Our clients leverage Key’s broad, fully integrated platform. In addition, we can help assemble innovative and complex financing in conjunction with multiple for-profit, nonprofit and government entities. Helping communities thrive is more than our business, it’s our mission.


Our suite of services includes:

  • Acquisition
  • Bridge to resyndication
  • Construction
  • Debt participation
  • Fannie Mae, Freddie Mac
  • Federal Home Loan Bank programs
  • Fixed & variable rate permanent loan executions
  • Federal & state low income housing tax credits
  • Fund management
  • Lines of credit & subscription lines
  • Preservation
  • Private placement tax-exempt bonds
  • Refinance
  • Tax credit equity & proprietary and multi-fund investments

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 10 “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 10 consecutive times since the Act’s passage in 1977.

To view more information on how KeyBank gives back click here.

Recent Deals

November 2022




August 2022

Ventana al Sur

$49.3 Million

New Construction of Seniors Housing

August 2022

Claysburg II Tower

Claysburg II Tower

$21 Million

Private Placement Permanent Loan to finance acquisition and rehabilitation of Claysburg II Tower


All credit products are subject to collateral and/or credit approval, terms, conditions, and availability and subject to change. is a federally registered service mark of KeyCorp. All rights reserved. Banking products and services are offered by KeyBank N.A.

Securities products and services such as investment banking and capital raising are offered by KeyBanc Capital Markets Inc., Member FINRA/SIPC. Banking products are offered by KeyBank National Association.

Securities products and services: Not FDIC Insured • No Bank Guarantee • May Lose Value

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