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.
While electric cars represent just a small slice of the auto market today, such vehicles are, in the future, likely to give their gas-powered cohorts a run for their money.
As the world’s largest credit bureaux operator, Experian is helping millions of people make the most of their data to get fair and affordable access to essential, everyday services.
On Wednesday, June 15th, The European Union (EU) agreed to outline a deal to facilitate a focus on transparency in the supply chain. This legislation concerns the sourcing of conflict minerals, not just in the Democratic Republic of the Congo, but from high-risk regions, worldwide.
Becoming a cooperatively owned enterprise rather than a traditional, privately owned one was something Sheila and Dylan had contemplated for their new generation mom and pop grocery when it was initially launched. However, they quickly ran into the usual startup financing obstacles. “No bank would fund us even though we had perfect credit and a good business plan,” Sheila reports, “They were uncomfortable lending into gentrifying areas, let alone to a cooperative.” The two ended up raising the needed funds through an Indiegogo campaign, from friends and family, and by assuming personal debt.
KeyBank’s Community Development Lending and Investment (CDLI) group announced it will provide a total of $17MM to the Housing Authority of Jackson County (HAJC) to help develop 53 units of affordable housing for singles, couples, families and veterans making 50 percent of area median income. The development, named Patriot Station, is located in in White City, Oregon. Patriot Station participates in the VASH program, a HUD Housing Choice Voucher program that supports vulnerable, chronically homeless veterans. KeyBank provided a $9.3MM equity investment, facilitated by Beth Wirtz of Key Community Development Corporation (KCDC), and a $7.7 MM construction loan, facilitated by CDLI’s Aubre Dickson.
Microfinance in India traditionally involves providing small loans to a group of women who are required to cross-guarantee each other, and to attend weekly group meetings to make cash repayments.
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