KeyBank
KeyBank Community Development Lending and Investment (CDLI) finances projects that stabilize and revitalize communities across all 50 states. As the second largest affordable housing lender for 2021, KeyBank’s platform brings together construction, acquisition, bridge-to-re-syndication, and preservation loans, as well as lines of credit, Agency and HUD permanent mortgage executions, and equity investments for low-income housing projects, especially Low-Income Housing Tax Credit (LIHTC) financing. KeyBank has earned 10 consecutive “Outstanding” ratings on the Community Reinvestment Act exam, from the Office of the Comptroller of the Currency, making it the first U.S. national bank among the 25 largest to do so since the Act’s passage in 1977.
October 12, 2023
Why Affordable Housing Needs Creative Funding SolutionsThe affordable housing capital stack has been complicated by rising interest rates, higher construction costs and material pricing volatility.
October 10, 2023
LIHTC Housing Units Are Set to Transition to Market-Rate in the Next DecadeDespite healthy affordable housing development, the industry is losing units as 30-year LIHTC deals struck in the 1990s are set to expire.
May 22, 2023
In a Crisis, Client Services Are Winning DealsKeyBank affordable housing experts explain how the bank is navigating through choppy waters.
May 08, 2023
Maintaining Stability Through a Regional Banking CrisisDiverse deposits and a strong capital position have ensured that KeyBank is thriving through a regional liquidity crunch.
December 06, 2022
Interest Rate Hikes Spell New Challenges for Affordable Housing InvestorsKeyBank's Robert Likes talks about the impact of interest rate hikes in affordable housing and how investors can advance deals in 2023.
September 21, 2022
The Inflation Reduction Act Will Spur New Affordable Housing InvestmentEven without the housing provisions from its predecessor, the environmental initiatives should help spur investment.
June 22, 2022
What a New Face Means for KeyBank's Affordable PlatformAffordable housing expert Celia Smoot discusses her move to KeyBank and the future of affordable housing in this podcast episode.
March 21, 2022
CDFIs, a Key Piece to the Creation of Affordable HousingThese mission-driven entities bridge the gap in financing between developer equity and traditional banks.
September 27, 2021
Workforce Housing, America's Most Wanted Rental UnitsRenter demand for workforce housing is higher than both affordable and market-rate housing—and investors and developers are answering the call.
July 26, 2021
Affordable Housing Developers Need Customizable SolutionsKeyBank Real Estate Capital experts Al Beaumariage and Tori O'Brien share their top tips for getting affordable housing deals to the finish line.