Cleveland Housing Investment Fund
Overview
Size |
$20 Million Term Debt Facility and Equity Investment |
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Summary
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.
Banking products and services are offered by KeyBank National Association. All credit products are subject to collateral and/or credit approval, terms, conditions, and availability and subject to change.