KeyBank Community Development Lending and Investment (CDLI) finances projects
that stabilize and revitalize communities across all 50 states. As one of the top
affordable housing capital providers in the country, 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.
A handful of state and national initiatives point the way toward filling a serious housing need. It's just a start, but a start after all, says KeyBank's Rob Likes.
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