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.
Technology can be a double-edged sword – especially when it comes to small business lending. While there’s plenty of justified excitement over the potential of providing underserved SMEs with fast access to loans through digital platforms, there are also considerable reasons for caution. Though alternative lending products can boost access, many lack transparency regarding the true cost of the loan, and therefore risk trapping small businesses in a cycle of debt.
Environmental, Social, and Governance reporting has become a hot topic for publicly traded companies around the world. We sat down with Jeannie Renne-Malone, Vice President of Sustainability at Prologis, a logistics real estate firm, to discuss her views on ESG reporting and how integration of new health and well-being questions are helping push their sustainability program to new heights.
Mirvac has turned their new Sydney headquarters at 200 George Street into a living lab outfitted with sensors that collect building data on everything from vibrations to façade temperature. The space reflects the group’s passionate curiosity in sustainable, healthy buildings – and their desire to transform knowledge directly into action. We spoke to both Sarah Clarke, Group General Manager, Sustainability and Reputation and David Palin, Sustainability Manager who explain how continuous learning, transparency, and trust are helping them stand out as leaders in Environmental, Social, and Governance (ESG) reporting.
KeyBank Community Development Lending & Investment (CDLI) has provided a $3 million construction loan with 9% LIHTC financing for the acquisition and rehabilitation of Peterson Park, an existing 39-unit USDA Rural Development affordable housing property, located in Ammon, ID, that will add one additional unit upon renovation. The property is comprised of five, two-story buildings, with units reserved for tenants earning between 30-60% area median income (AMI). The project will benefit from a Rental Assistance Contract for all 40 units.
KeyBank Community Development Lending & Investment (CDLI) has provided an $8.5 million construction loan and $10.5 million in 9% LIHTC equity for the development of Renton Commons, a 48-unit affordable housing project with 36 units of permanent supportive housing, located in Renton, WA.
iCause is a global marketplace for cause - the first of its kind. The focus of iCause is to make an impact and build communities, with engagement and incentives for individuals, nonprofits, educational institutions, Corporate Social Responsibility (CSR) companies and philanthropists.
A new discussion paper by GRI seeks to provide practical assistance to organizations to contribute to SDG 1, poverty alleviation. This infographic shows 4 main areas where businesses can help through their activities and partnerships.
2018, like most years, has begun with statements both hopeful and optimistic about what the new year may bring. And there are many positive developments in global sustainability to acknowledge, including the on-going implementation of the Paris Climate Agreement by many nations; increasing collaboration among business, non-government organizations and other institutions on renewable energy, food waste and other issues; the expanding human rights agenda; women’s empowerment; and accelerating investor interest in sustainability. So far…so good.
KeyBank Community Development Lending & Investment (CDLI) has provided $16.6 million in total financing for Allegheny Dwellings Phase I. The first of three phases, Allegheny Dwellings Phase I involves replacing existing public housing with 65 new mixed income units in Pittsburgh’s Fineview neighborhood. The Project will be developed by TREK Development Group, in partnership with the Housing Authority of the City of Pittsburgh.
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