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.
JPMorgan Chase & Co. today announced $4 million to expand young people’s access to economic opportunity in Detroit. Building on the firm’s $100 million commitment to Detroit’s economic recovery, this three-year grant is designed to increase dramatically the number of young people graduating from the city’s high schools with opportunities to secure well-paying, high-demand jobs. JPMorgan Chase joins the Skillman Foundation, the Ford Foundation and the Ford Motor Company Fund in this initiative to connect 10,000 Detroit high school students to career education and work experiences over the next three years.
CITGO Petroleum Corporation and the Muscular Dystrophy Association (MDA) are celebrating a 30-year partnership that has raised nearly $200 million for the nonprofit health organization since the two began working together in January 1986. As MDA’s largest corporate sponsor, CITGO and its employees, along with its network of locally-owned Marketers and Retailers, will celebrate this milestone all year long through fundraisers and various community and employee events.
Ansaar Management Company (AMC), a Pakistan-based social enterprise, is tackling the lack of affordable housing in Pakistan. The company has joined the Business Call to Action (BCtA) with a commitment to build 5,000 new affordable housing units by 2020, providing high-quality homes to 35,000 low-income people.
Digicel Asia-Pacific, a digital communications leader in developing markets, joined the Business Call to Action (BCtA) with a commitment to make digital communications, solar power and data services more available in Papua New Guinea’s most remote areas.
New alliance combines solar mount innovator Schletter Inc. and subsidiary of global engineering and construction company Black & Veatch to serve growing solar PV market.
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