Brothers Redevelopment Inc. Receives $300,000 Grant From KeyBank To Support Senior Citizen Housing Program

Rhea-AI Summary

KeyBank has awarded a $300,000 grant to Brothers Redevelopment, Inc. (BRI) to support their Community Aging in Place - Advancing Better Living for Elders (CAPABLE) program. This program helps low-income aging individuals continue living in their homes by providing minor safety improvements and accessibility enhancements. The grant will allow BRI to expand the program from the Pikes Peak region to metro Denver.

BRI, founded in 1971, has served over 40,000 Coloradans through housing provisions and programs. The CAPABLE program, piloted in 2022, has shown positive outcomes. It offers guidance from occupational therapists and registered nurses to determine necessary support for improving home safety and accessibility.

KeyBank, with assets of approximately $187 billion as of June 30, 2024, operates in 15 states and provides various financial services to individuals and businesses.

Positive

• KeyBank's $300,000 grant supports expansion of BRI's CAPABLE program to metro Denver
• BRI has served over 40,000 Coloradans through housing provisions and programs
• CAPABLE program has shown positive outcomes since its pilot in 2022
• KeyBank reports assets of approximately $187 billion as of June 30, 2024

Negative

• None.

DENVER, CO / ACCESSWIRE / September 3, 2024 / KeyBank has awarded a $300,000 grant to Brothers Redevelopment, Inc. (BRI), a Denver-based nonprofit organization providing housing improvement and related services to vulnerable Colorado residents. The grant will support BRI's Community Aging in Place - Advancing Better Living for Elders (CAPABLE) program.

The CAPABLE program helps low-income aging individuals to continue residing in their primary residences thanks to minor home safety projects that reduce the risk of falling, enhance accessibility and improve general safety and functionality of the home. CAPABLE clients receive guidance from occupational therapists and registered nurses to determine the support needed for improving safety and accessibility in their homes.

"Brothers Redevelopment is empowering our vulnerable community seniors with the benefits and services required to age in place," said Chris Picardi, KeyBank Colorado market president. "This grant will help provide the safety and accessibility improvements needed to allow our lower-income aging neighbors to live in the comfort and affordability of their own homes."

BRI began piloting the CAPABLE program in the Pikes Peak region in 2022 and it has achieved many positive outcomes. The KeyBank grant will allow BRI to expand the program to metro Denver.

BRI was founded in 1971 with a mission to provide housing repairs for low-income individuals in Denver. With community support through donations of time, materials and money, BRI has served more than 40,000 Coloradans through housing provisions and housing programs over the last year.

"We are incredibly grateful for KeyBank's generous support of our CAPABLE program," said Jeff Martinez, President of Brothers Redevelopment. "This funding will make a significant impact on the lives of countless older adults in our community, allowing them to maintain their independence and dignity while aging in place."

About Brothers Redevelopment Inc.

Established in 1971, Brothers Redevelopment is a nonprofit housing organization that provides housing and housing-related services to low-income, elderly and disabled residents across Colorado. Brothers Redevelopment owns and/or manages dozens of communities across the metro area, offering affordable apartments to income-qualified tenants. Additionally, Brothers Redevelopment provides services through other programs, including Colorado's only housing helpline, Colorado Housing Connects (1-844-926-6632); Home Modifications and Repair; Paint-A-Thon (free house painting for seniors); Aging in Place (senior services); Housing Counselling/Rental Navigation; Temporary Rental and Utility Assistance; and Landlord recruitment.

About KeyCorp

KeyBank's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $187 billion at June 30, 2024. 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 1,000 branches and approximately 1,200 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 a Member FDIC.

CONTACT:

Brothers Redevelopment, Inc. | Joseph Rios | 720-448-0746 | jrios@brothersredevelopment.org
KeyBank | Jennifer Shermer | 303-902-9419 | Jennifer@KeetonPR.com

View additional multimedia and more ESG storytelling from KeyBank on 3blmedia.com.

Contact Info:

Spokesperson: KeyBank
Website: https://www.3blmedia.com/profiles/keybank
Email: info@3blmedia.com

SOURCE: KeyBank

View the original press release on accesswire.com

FAQ

What is the amount of the grant KeyBank (KEY) awarded to Brothers Redevelopment Inc. in September 2024?

KeyBank awarded a $300,000 grant to Brothers Redevelopment Inc. in September 2024.

What program will the KeyBank (KEY) grant support at Brothers Redevelopment Inc.?

The KeyBank grant will support Brothers Redevelopment Inc.'s Community Aging in Place - Advancing Better Living for Elders (CAPABLE) program.

How many Coloradans has Brothers Redevelopment Inc. served through its housing programs?

Brothers Redevelopment Inc. has served more than 40,000 Coloradans through housing provisions and housing programs over the last year.

What was KeyBank's (KEY) reported asset value as of June 30, 2024?

KeyBank reported assets of approximately $187 billion as of June 30, 2024.