KeyBank Community Development Lending and Investment (CDLI) provided a $25.9 million loan to finance the new construction of a 75-unit affordable housing project in Los Angeles. This investment underscores KeyBank's commitment to expanding affordable housing options in the region.
The financing will support the development of much-needed housing units at 1434 W. Compton Blvd LP, contributing to community stability and economic opportunity. This project aligns with KeyBank's broader mission to foster resilient and inclusive communities.
KeyBank's continued involvement in such initiatives reinforces its role as a leading provider of capital for community development. This investment further strengthens its lending portfolio and contributes to the economic well-being of the Los Angeles area.
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