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.
See how our teams are financing affordable housing that restores dignity, independence and strengthens communities for our most beloved citizens.
KeyBank was the third largest affordable housing lender for 2020.*
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:
- Bridge to resyndication
- 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
- Private placement tax-exempt bonds
- 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 nine “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.