Enterprise Community Loan Fund Inc.
Overview
| Size |
$20 Million Term Loan |
|---|---|
| Our Role |
Lender |
Summary
This investment is an opportunity for KeyBank to advance efforts in minority communities through impactful investing and build on KeyBank’s successful Community Benefits Plan.
Anchoring the initiative is a $350 million Growth Fund composed of loans, equity, and grants, for Black, Indigenous and people of color (BIPOC) developers to support affordable and workforce housing projects across the United States. KeyBank’s partnership with Enterprise furthers its relationships with community development financial institutions (CDFIs), allowing financial institutions the opportunity to directly invest in projects that support racial equity in underinvested communities of color.
KeyBank’s Community Benefits Plan focuses on investments in affordable housing, mortgage and small business lending and renewable energy to improve access to education and workforce development, as well as safe and vital neighborhoods.
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