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.
Attention corporations and financial institutions: get ready for heavier sustainable finance regulation in the Americas. While the region still lags Europe and Asia, change is quickly on the way.
Financial companies that help address some of the world’s most pressing socioeconomic challenges deserve attention from sustainability-focused investors.
Aramark and BLK & Bold, the first Black-owned nationally distributed coffee brand in the U.S., have reached a multi-year agreement that will make the company’s lineup of hot and cold coffee products available to Aramark Refreshments clients this year.
KeyBank CDLI) provided a $4 million construction loan, $6.3 million in Low-Income Housing Tax Credit (LIHTC) equity and arranged permanent financing with a $10.1 million Freddie Mac TEL for the acquisition and rehabilitation of Salem Manor, an existing family affordable housing.
KeyBank has been recognized by the Small Business Administration for the most small loans valued at $350,000 or less for fiscal year 2022 in Washington Congressional District 9. The award was presented at KeyBank’s Renton Highlands Branch in Renton, Washington.
A ribbon cutting on Tuesday June 11, 2023 signaled the completion of construction of True Bethel Commons in Niagara Falls, NY. KeyBank Community Development and Lending provided financing for the $15 million adaptive reuse of the vacant former historic Sacred Heart school.
As of July 7, 2023, the European Commission has closed the comment period of the standards developed for the Corporate Sustainability Reporting Directive (CSRD).
The EU Taxonomy came into effect on January 1, 2022; the classification system that indicates whether an activity or investment is sustainable. The aim is to make the economy more sustainable by redirecting cash flows to demonstrably sustainable activities.
MetLife’s General Account is a key to living up to our promises and our purpose. MetLife’s General Account, which totals over $400 billion dollars, is invested responsibly for the long term.
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