Submitted by KeyBank
KeyBank has been named the #2 affordable housing lender for 2021 in Affordable Housing Finance magazine's annual rankings. Making investments in housing for urban and rural communities across the country remains a priority for KeyBank. The pandemic and the resulting economic downturn have underscored the nation’s affordability crisis and the need for safe and affordable housing across communities.
KeyBank Community Development Lending and Investment (CDLI) provides capital for projects that stabilize and revitalize communities. As one of the top affordable housing lenders in the country, Key’s CDLI platform brings together balance sheet, equity, and permanent loan offerings. In 2021, KeyBank invested $5.1 billion in community development and affordable housing projects nationwide. Since 2017, Key has deployed more than $17.2 billion in aggregate CDLI commitments.
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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