Our Transactions

Key Community Development Lending & Investment provided $85 million in financing for the new construction of Central at South Haymarket, a 175-unit affordable housing project in Lincoln, Nebraska. All 175 units serve familes and individuals earning no more than 50 - 70% of area median income. Supportive services will be offered to residents and include English language learning classes, financial literacy education, food support and nutrition education, and a scholarship program. The financing includes a construction loan, LIHTC equity, and a permanent loan. We want to thank The Annex Group for their commitment to building much needed affordable housing in Nebraska.

Key Community Development Lending & Investment provided $8.2 million in financing for the rehabilitation of Belen Vista, an existing 56-unit affordable housing building in Belen, New Mexico. All 56 units serve families and individuals earning no more than 30 - 60% of area median income. Supportive services are offered to residents and include health and nutrition education, health screening, computer training, job training, and a summer food program. The financing includes a construction loan. We want to thank the Chelsea Investment Corporation for their commitment to preserving much needed affordable housing in New Mexico.

Key Community Development Lending & Investment provided $73.5 million in financing for the new construction of Aurora Apartments, a 156-unit affordable housing project in Billings, Montana. All 156-units will serve families and individuals earning no more than 60% of area median income. The financing includes a construction loan, LIHTC equity, permanent loan, and bond underwriting. We want to thank Wasatch Affordable Ventures for their commitment to building much needed affordable housing in Montana.

Key Community Development Lending & Investment provided $101.3 million in financing for the new construction of The Waters, a 180-unit senior affordable housing project in Apopka, Florida. All 180 units will serve senior citizens earning no more than 60% of area median income. The financing includes a construction loan, LIHTC equity, a permanent loan, and bond underwriting. We want to thank Dominium for their commitment to building much needed senior affordable housing in Florida.

Key Community Development Lending & Investment provided $41.1 million in financing for the rehabilitation of Shippan Place, a 146-unit senior affordable housing building in Stamford, Connecticut. All 146 units serve senior citizens earning no more than 60% of area median income. Supportive services are offered to residents and include wellness and fitness workshops, financial literacy classes, food distribution, and health and nutrition education. The financing includes a construction loan, LIHTC equity, a permanent loan, and bond underwriting. We want to thank the Jonathan Rose Companies for their commitment to preserving much needed senior affordable housing in Connecticut.

Key Community Development Lending & Investment provided $78.8 million in financing for the acquisition and construction of Promontory Place, a 175-unit affordable housing building in Salt Lake City, Utah. All 175-units will serve families and individuals earning no more than 50 - 60% of area median income. The financing includes a construction loan, permanent loan, and bond underwriting. We want to thank Alta Bay Holdings for their commitment to building much needed affordable housing in Utah.

Key Community Development Lending & Investment provided $38.6 million in financing for the new construction of Playter Gardens, a 73-unit affordable housing project in Buffalo, New York. All 73 units will serve families and individuals earning no more than 50 - 60% of area median income. Supportive services will be offered to residents and will include case management, job training, and health and wellness services. The financing includes a construction loan, LIHTC equity, and a permanent loan. We want to thank SAA/EVI for their commitment to building much needed affordable housing in New York.

Key Community Development Lending & Investment provided $141.6 million in financing for the new construction of Oso Apartments, a 336-unit affordable housing project in Converse, Texas. All 336 units will serve families and individuals earning no more than 30 - 70% of area median income. Supportive services will be offered to residents and will include health and medical prevention services, job training, and youth programming and education. The financing includes a construction loan, LIHTC equity, a permanent loan, and bond underwriting. We want to thank The NRP Group for their commitment to building much needed affordable housing in Texas.

Key Community Development Lending & Investment provided $21.8 million in financing for the new construction of Flats on Wolf Creek, a 65-unit affordable housing building in Trotwood, Ohio. All 65 units will serve families and individuals earning no more than 30 - 80% of area median income. Supportive services will be offered to residents and will include healthcare coordinators, financial literacy education, and social services. The financing includes a construction loan, LIHTC equity, and a permanent loan. We want to thank the St. Mary Development Corporation for their commitment to building much needed affordable housing in Ohio.

Key Community Development Lending & Investment provided a $5 million term debt facility to the Finance Fund Capital Corporation, a non-profit CDFI based in Columbus, Ohio. FCAP provides capital solutions for underserved communities by investing in people, projects, and businesses that provide needed services, jobs, and new resources. To date, the company has deployed over $705 million in capital throughout Ohio and Indiana, and has created over 50,000 jobs, 22,000 units of housing, and developed over 25 million square feet of housing and commercial space. We want to thank FCAP for their commitment and for making a difference throughout Ohio and Indiana.

Key Community Development Lending & Investment provided a $10 million term debt facility and a $10 million equity investment to the Cleveland Housing Investment Fund, a non-profit CDFI based in Cleveland, Ohio. The objective of CHIF is to create and facilitate the construction and rehabilitation of approximately 2,500 - 3,000 homes within the corporate limits of the City of Cleveland. CHIF will emphasize funding for “missing middle” and workforce housing, with the specific aim of generating disposable income and creating wealth for households located in targeted neighborhoods. We want to thank the CHIF for their commitment and for making a difference throughout Cleveland.

KeyBank Community Development Lending & Investment provided $31.4 million in capital for the new construction of Clarkston Family Haven, a 72-unit affordable housing project in Clarkston, Washington. Seventy units will serve families and individuals earning no more than 30% – 60% of area median income (AMI), with 35 units set aside for those who have or are experiencing homelessness.

Supportive services for residents will include integrated case management to assist in stabilizing housing, income, behavioral health, and addressing addiction issues as well as onsite peer support and mental health counselors. We want to thank Horizon Housing Development and Catholic Housing Services of Eastern Washington for their sponsorship and shared mission to build much-needed affordable housing in Washington. 

The financing includes a $12.1 million construction loan and $19.3 million in Low-Income Housing Tax Credit (LIHTC) equity.

KeyBank Community Development Lending & Investment provided $17.5 million in capital for the new construction of Owens Adair II, a 50-unit senior affordable housing project in Astoria, Oregon. Thirty-seven units will serve senior citizens earning no more than 40% – 50% of the area median income (AMI) and 13 units will be permanent supportive housing for seniors who have or are experiencing homelessness.

Supportive services will be offered to residents and will include assistance accessing basic needs such as food, clothing, personal care, health services, and employment programs. Additional services will be provided for those experiencing homelessness and will include access to furniture, bedding, cleaning, and kitchen items, peer support for mental health and addiction services, assistance with applications for housing vouchers and mainstream benefits, and navigation and advocacy with healthcare providers. We want to thank the Northwest Oregon Housing Authority and Community Development Partners for their sponsorship and shared mission to build much-needed affordable housing in Oregon. 

The financing includes a $17.5 million construction loan.

KeyBank Community Development Lending & Investment provided $66.5 million in capital to acquire and rehabilitate The Cesera, a 204-unit senior affordable housing project in Garland, Texas. The community is owned and managed by Dominium, a leading national developer, owner, and manager of affordable housing. All 204 units will serve senior citizens earning no more than 40% – 60% of the area median income (AMI).

Supportive services will be offered to residents and will include adult education programs, health screenings and immunizations, counseling programs, computer education, and recreational activities. We want to thank Dominium and Garland Housing Finance Corporation for their sponsorship and shared mission to preserve much-needed affordable housing in Texas.

The financing includes a $20.1 million construction loan, $23.1 million in LIHTC equity, and a $23.3 million Fannie M.TEB permanent loan.

KeyBank Community Development Lending & Investment provided $114.2 million in capital for the new construction of Hill View Heights, a 260-unit affordable housing project in San Antonio, Texas. All 260 units will serve families and individuals earning no more than 30% – 70% of the area median income (AMI).

Supportive services for residents will include an onsite food pantry stocked with non-perishable food and common household items, twice monthly recreational activities and onsite social events, and an annual health fair featuring local health care professionals. We want to thank Kittle Property Group for its sponsorship and shared mission to build much-needed affordable housing in Texas.

The financing includes a $54.5 million construction loan, $28.2 million in LIHTC equity, a $31.5 million permanent loan, and bond underwriting provided by Keybanc Capital Markets.

KeyBank Community Development Lending & Investment provided $38.5 million in capital for the new construction of Hooper Road Apartments, an 80-unit senior affordable housing project in Endicott, New York. All 80 units will serve senior citizens earning no more than 30% – 60% of the area median income (AMI).

Supportive services will be offered to residents and will include case management, recreation and socialization, independent living skills, wellness and nutrition, and financial assistance. We want to thank CDS Monarch, Inc. for its sponsorship and shared mission to build much-needed affordable housing in New York and thank CSD Housing for its partnership.

The financing includes a $22.6 million construction loan and $12 million in Low-Income Housing Tax Credit (LIHTC) equity and $3.9 million in State Low-Income Housing Tax Credit (SLIHC) equity.