KeyBank Community Development Lending and Investment (CDLI) provided $16.6 million in low income housing tax credit equity (state and federal), a $21.3 million construction loan and $6.3 million taxable equity bridge for the construction of Silos Apartments.
In June 2020 PNC made a $1B commitment to help challenge systemic racism. We’ve made significant progress in carrying out that commitment. As of November 30, the Community Development Banking team has issued $339M in loans and investments.
FedEx Corp. today received its first five of an order of 500 electric Light Commercial Vehicles (eLCVs) from BrightDrop, the new electric delivery and logistics business from General Motors (GM).
The financing provided for over 6,000 units of new & preserved housing for low- & moderate-income people. In addition, over 6 loans & investments went to development projects that will provide jobs & services for communities in the Bank’s footprint.
We are excited to donate $10,000 to FIRST through sponsorship of a team at the 2021 First Robotics competition and contributions for every response we received from our ESG Readiness Quiz!
KeyBank is investing $75,000 in Syracuse-based nonprofit Home HeadQuarters to support its efforts to provide safe and affordable housing through the work of its construction and maintenance crew Opportunity Headquarters.
The Humane Society of the United States (The HSUS) Animal Rescue and Response team is currently on the ground in Mayfield, Kentucky to search for and rescue animals after the recent devastating tornado.
As the dust settles following the recent COP26 climate summit, it is crucial that the global community do not let the momentum subside, and instead press ahead with implementing solutions in support of the net-zero emissions future.
Sustainable finance at PNC continues to evolve, from its first green bond in 2019 to an inaugural social bond in 2021 & commitment to mobilize $20 billion in environmental finance as an extension of the company’s $88 billion Community Benefits Plan.
This week, we flew over 1 million doses of COVID-19 vaccines from Washington D.C. to Accra, Ghana in partnership with UNICEF’s humanitarian initiative, COVAX which aims to provide access to COVID-19 vaccines to every country around the world.
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