KeyBank Continues To Expand Its Community Development Lending and Investment Team

Rhea-AI Summary

KeyBank Community Development Lending and Investment (CDLI) announces two strategic appointments to strengthen its team. Eileen Tran joins as a LIHTC equity originator for the West region, bringing 14 years of affordable housing experience from Wells Fargo. Joseph Jones joins as Tax Credit Syndications fund manager, with over 14 years of experience from Enterprise Community Partners. Both appointments support KeyBank's commitment to expanding affordable housing nationwide. KeyBank has approximately $190 billion in assets and maintains an outstanding record with 11 consecutive 'Outstanding' Community Reinvestment Act ratings.

Positive

• Strong financial position with $190 billion in assets
• 11 consecutive 'Outstanding' ratings on Community Reinvestment Act exam
• Nationwide presence across all 50 states in community development lending

Negative

• None.

News Market Reaction

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CLEVELAND, OH / ACCESSWIRE / November 13, 2024 / KeyBank Community Development Lending and Investment (CDLI) expands its team with appointments of fund and equity relationship managers in the West and Midwest regions. The new additions include:

Eileen Tran joined as a low-income housing tax credit (LIHTC) equity originator focused on expanding equity originations in the West region. She is based in Denver, Colorado, and reports to Stacie Nekus, Head of KeyBank Community Development and Lending and Investment (CDLI) Equity Growth Initiative. Tran brings nearly 14 years of experience focused on the affordable housing industry to KeyBank. Previously, Tran was an executive director and senior lead in affordable housing at Wells Fargo, where she oversaw the modeling, underwriting, negotiating and closing of low-income housing tax credit (LIHTC) transactions. Tran earned her MBA at Indiana University and a B.B.A degree from the University of Louisville.

Joseph Jones joined as a Tax Credit Syndications fund manager responsible for structuring, managing, modeling, reporting, and providing management accounting for all types of a limited partnership's tax credit investments and related entities. He is based in Richmond, Virginia. Jones reports to Christina Knuckles, Head of Equity Fund Management and Equity Acquisitions KeyBank CDLI. Joseph brings more than 14 years of affordable housing real estate experience to KeyBank. Previously, he was a senior director at Enterprise Community Partners where he was responsible for all aspects of structuring, marketing, offering and closing national multi-investor LIHTC funds. Joseph earned his MBA from Radford University and a B.S. from Virginia Tech.

"I am thrilled to welcome Eileen and Joseph to the team, where their expertise will continue to help us build our CDLI platform," said Nekus. "KeyBank is committed to expanding affordable housing across the country and creating positive change in underserved communities."

About KeyBank Community Development Lending and Investment
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 11 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.

About KeyCorp
KeyCorp's roots trace back nearly 200 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 $190 billion at September 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 Member FDIC.

CONTACT:
Laura Mimura
216.471.2883
laura.mimura@key.com

KEY MEDIA NEWSROOM:
www.Key.com/newsroom

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 new appointments did KeyBank (KEY) announce in November 2024?

KeyBank announced the appointments of Eileen Tran as LIHTC equity originator for the West region and Joseph Jones as Tax Credit Syndications fund manager.

How many consecutive 'Outstanding' CRA ratings does KeyBank (KEY) have?

KeyBank has earned 11 consecutive 'Outstanding' ratings on the Community Reinvestment Act exam from the Office of the Comptroller of the Currency.

What is KeyBank's (KEY) total asset value as of September 2024?

KeyBank reported assets of approximately $190 billion as of September 30, 2024.