Playter Garden

Overview

Size $38.6 Million
Construction Loan, LIHTC Equity, and Permanent Loan

Summary

Key Community Development Lending & Investment provided $38.6 million in financing for the new construction of Playter Gardens, a 73-unit affordable housing project in Buffalo, New York. All 73 units will serve families and individuals earning no more than 50 - 60% of area median income. Supportive services will be offered to residents and will include case management, job training, and health and wellness services. The financing includes a construction loan, LIHTC equity, and a permanent loan. We want to thank SAA/EVI for their commitment to building much needed affordable housing in New York.

KBREC page disclosure

Banking products and services are offered by KeyBank National Association. All credit products are subject to collateral and/or credit approval, terms, conditions, and availability and subject to change.

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