Deep affordable housing expertise allows us to bring valuable content and actionable ideas to our clients. We’re ready to help move your business toward its strategic goals using an integrated, national platform.
No. 2 Affordable Housing Lender, 20231
Raising nearly $6.1 billion in capital last year, KeyBank continues to close deals that bring much needed housing projects to life.
Changing lives through affordable housing at Via Sana
Affordable housing changes lives. When residents have a home that's affordable, clean, decent, and safe, healthy outcomes and economic upward mobility become possible. Hear from residents and clients firsthand on how permanent residences make an impact
Stephanice Washington: Being homeless, not knowing when you got to go, taking your income, spending the whole income up to have a room for a night or two or three. Then having to eat out. Wasn't able to cook and stuff. Having to eat out. You know, that was a lot. I lost everything. I lost everything but the clothes I had on my back.
Robert L. Likes: KeyBank has an unwavering, deep commitment to affordable housing. Our mission and our objectives are to be a national leader in affordable housing, to help the bank always achieve an outstanding CRA rating. To be a major contributor to our community benefits plan and to help our clients and communities thrive.
Erica Haize: We need more affordable housing in this community. So, people are struggling with that a lot. We saw the need of helping people be part of a great community.
Kevin Loos: NRP made an initiative into housing and health care, and so we've created a few projects across the nation, partnering with hospitals to provide housing and health care. You’re next to the healthcare community, next to primary care doctors, next to emergency room help, and really it becomes a more of a wraparound type of service, being right next to the campus.
Robert L. Likes: It's adjacent to a hospital to help with healthy initiatives. It also has community space within the Affordable Housing project that provides job counseling, financial literacy training, digital training, all for the betterment of the tenants and the surrounding community, to help really uplift lives.
Stephanice Washington: The day I got the phone call that I could come in and pick up my keys, was the best thing that ever happened for me.
Erica Haize: This was like a steppingstone for them. Some of them, like I said, were homeless. They start living here, their lives change. Their family can see that their life is changing. And to come in a building like this, and having something so nice and brand new for the first time, it's life changing.
Stephanice Washington: Before I came to Via Sana, my whole check went on my light, my gas, my rent. Since I've been at Via Sana, I'm able to save up, so I'm able to go to Walmart and buy me a month's worth of food from my income now.
Erica Haize: I hope we can partner more so we can keep making a change in the community.
Robert Likes: Affordable Housing changes lives. There are so many positive, healthy outcomes and economic upward mobility, when you have a permanent residence that is safe, decent, clean, affordable, that is your home.
Stephanice Washington: My new apartment is my serenity, my peace, and my home.
Expertise
KeyBank Community Development Lending and Investment (CDLI) provides more than capital solutions. It’s a much-needed investment for affordable housing and community development projects in urban and rural communities in all 50 states. Affordable housing owner-operators and developers looking to build, acquire, and preserve affordable housing come to us because we know how to move complicated deals over the finish line. Our clients leverage Key’s broad, fully integrated platform. In addition, we can help assemble innovative and complex financing in conjunction with multiple for-profit, nonprofit, and government entities. Helping communities thrive is more than our business, it’s our mission.
Services
Our suite of services includes:
- Acquisition
- Bridge to resyndication
- Construction
- Debt participation
- Fannie Mae, Freddie Mac
- FHA/HUD
- Federal Home Loan Bank programs
- Fixed and variable rate permanent loan executions
- Federal and state low-income housing tax credits
- Fund management
- Lines of credit and subscription lines
- Preservation
- Private placement tax-exempt bonds
- Refinance
- Tax credit equity and proprietary and multi-fund investments
Community Reinvestment Act
KeyBank’s corporate mission is to help clients and communities thrive. For its ability to lend to, invest in, and serve its communities, especially low- to moderate-income communities, KeyBank has earned 11 “Outstanding” ratings from the Office of the Comptroller of the Currency (OCC), on the Community Reinvestment Act (CRA) exam. Key was the first U.S. national bank among the 25 largest to be rated Outstanding 11 consecutive times since the Act’s passage in 1977.
Read more about KeyBank’s commitment to corporate responsibility and community.
