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.
Three mega-forces seem set to dominate the investment landscape for the next decade or longer, with major implications for the macro regime and portfolio design.
Fifth Third today announced the launch of Empowering American Cities, the outcome of a collaborative relationship with the Kenan Institute of Private Enterprise at the University of North Carolina at Chapel Hill.
KeyBank secured $54.9 million for Hudson Valley Property Group to refinance Grandview Terrace Apartments, a 283-unit affordable multifamily property located in Jersey City, New Jersey. Grandview Terrace will target family households with incomes between 60% and 90% of area media.
KeyBank and the KeyBank Foundation announced an investment of $180,000 in MCHS Family of Services, aimed at developing the Skilled Trade Program to enhance the services of youth aging out of the foster care system.
The Longfellow Senior Housing, an historic redevelopment in Cleveland’s Collinwood community financed by KeyBank, has been awarded CoStar’s 2023 Impact Award for Redevelopment of the Year in Cleveland. KeyBank (CDLI) provided a $16.9 million investment.
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