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.
Financial players and their investors have much to gain from the shift toward greater sustainability. These investments offer a dual benefit: they lower emissions, speeding the transition to a low-carbon economy, and they can make (or save) money. People are increasingly aware of the first two pillars of sustainable investing -- risk identification and transparency. Now we need to inform them about the third: the need to drive capital toward sustainable opportunities, both at home and internationally.
Investors have a growing role in sustainability reporting. Their actions are key to encouraging reporters to move towards disclosing what matters. They have an interest in better performance along with other stakeholders, as it brings higher returns. One way to promote that is by ensuring that the companies they invest in are transparent about the effects they have on the economy, society and the environment. The virtuous circle in which transparency reinforces good performance will result in benefits to the investors, better off societies and less damage to the environment.
Thrive, a microfinance business based in Harare, Zimbabwe believes in lending that leads to economic growth for women and girls who would ordinarily fail to access financial services from the mainstream financial sector. Thrive joins Business Call to Action with a commitment that will provide microenterprise loans and borrowing and business management training for 16,500 economically active low-income women and girls.
We are committed to using our platform to democratize financial services and improve financial health. See how PayPal is expanding our products and services to offer our customers more flexibility in how they manage their financial lives.
R. Jay Sehgal, EVP of the Sehgal Foundation, discusses how the foundation and The Mosaic Company are helping smallholder farmers fight food insecurity by offering education on sustainable practices.
Imagine turning a $25 loan into more than $21 million, impacting more than 1 million people globally, in just five years. No, this isn’t the latest Shark Tank pitch. It is the outcome of Hewlett Packard Company’s Matter to a Million employee-engagement program.
KeyBank Real Estate Capital and KeyBank Community Development Lending and Investment (CDLI) have provided a total of $87 million in financing to Related Companies, for the acquisition and rehabilitation of more than 400 affordable housing units in Cincinnati, OH.
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