Watch the video originally published on FOX2

KeyBank Community Development Lending and Investment (CDLI) is investing $10 million toward the creation and preservation of affordable housing in the city through the Detroit Housing for the Future Fund (DHFF). Representatives from KeyBank and the Local Initiatives Support Corporation (LISC) joined Detroit Mayor Michael Duggan at an announcement on January 12, 2022.

• Watch the full announcement here

The DHFF, which was announced by Mayor Duggan in 2020, represents the largest single private commitment to affordable housing in Detroit’s history. The DHFF is a private investment fund managed by LISC Detroit and LISC Strategic Investments that is committed to investing private capital into affordable housing projects in need of gap financing to move the developments forward. The DHFF is a part of the larger Affordable Housing Leverage Fund, which is an initiative of the City of Detroit’s Housing & Revitalization Department.

For more information:

• KeyBank invests $10M into affordable housing around Detroit | WXYZ-TV
• Duggan, KeyBank to Announce $10M Commitment to Affordable Housing in Detroit | Michigan Chronicle
• Detroit housing fund raises $65 million. Here's a list of the projects so far | Detroit Free Press
• KeyBank gives $10 million to aid affordable housing in Detroit | Crain’s Detroit Business
• Mayor Duggan and KeyBank announce $10M commitment to preserve and create affordable housing | City of Detroit
• KeyBank Survey Shows Work-life Balance More Important than Salary, Invests $10M in Detroit | DBusiness
• Detroit's affordable housing fund gets $10M boost | The Detroit News
• Mayor Duggan announces $10M commitment to preserve, create affordable housing in city | WWJ Radio
• Detroit announces $10 million KeyBank investment to help build, preserve affordable housing | WJBK-TV
• KeyBank contributes millions to Detroit affordable housing fund | Michigan Public Radio

Watch the video on FOX2 here

KeyBank

KeyBank

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $176.2 billion at March 31, 2021. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,100 branches and more than 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC. 

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