KeyBank Invests $10 Million in the Detroit Housing for the Future Fund

Originally published on LinkedIn. KeyBank ranked No. 23 on The DiversityInc Top 50 Companies for Diversity list in 2021.

 

KeyBank has a deep commitment to the communities where they work and live, and is excited to announce their $10 million investment in the Detroit Housing for the Future Fund. This investment will go toward building and preserving affordable housing in Detroit.

Amelia Benavides-Colón of The Detroit News reported, “The KeyBank contribution is the second-largest committed so far to the fund that aims to preserve 10,000 units of existing affordable housing in Detroit and to develop another 2,000 units.”

KeyBank’s donation has helped Detroit reach $65 million of its $75 million goal.

“Helping communities thrive is not just our business but it’s our mission,” said Derek Reed, Vice President of Community Development Lending and Investment. “This is a fund that we had to be a part of. It truly represents the transformational and generational opportunity for the city and LISC and all of us at KeyBank are very proud to be a part of this.”

Latest News

5 Biggest News Stories of the Week: May 19

As the saying goes, the news never stops — but there’s a lot of it out there, and all of it doesn’t always pertain to our readers. In this weekly news roundup, we’ll cover the top news stories that matter most to our diversity focused audience. 1. Emergency Services Dispatcher…

5 Biggest News Stories of the Week: May 12

As the saying goes, the news never stops — but there’s a lot of it out there, and all of it doesn’t always pertain to our readers. In this weekly news roundup, we’ll cover the top news stories that matter most to our diversity focused audience. 1. Coverage From DiversityInc’s…

Questlove plays a DJ set at DiversityInc's 2022 Top 50 event.

Photo Gallery: 2022 Top 50 Event

Accenture earns No. 1 spot on the Top 50 List, Hilton joins Hall of Fame. Expert panels and presentations cover the event’s theme of “ESG: Climate and Culture at Risk”. State Street execs share how they ranked for the first time. Cutting edge research from the Wharton School is presented…

Dr. Sally Saba

DiversityInc 2022 Top 50 Event: A New Landscape = New Opportunity: Shaping Corporate Standards of Excellence for ID&E Management

The role of an inclusion, diversity and equity practitioner has completely evolved, and all eyes are on the corporate community as it navigates its approach. Dr. Sally Saba, Chief Inclusion and Diversity Officer at Medtronic, spoke about working together to shape the next generation’s standards during her Top50Talk “A New…