ACCESSWIRE
15 Sep 2023, 01:43 GMT+10
INDIANAPOLIS, IN / ACCESSWIRE / September 14, 2023 / The KeyBank Foundation has awarded Indianapolis Neighborhood Housing Partnership (INHP) a $300,000 grant to continue its efforts to create or preserve affordable housing opportunities near Indianapolis transit lines as part of the city's first Equitable Transit-Oriented Development (ETOD) program. Through this program, INHP acquires and holds properties within a half mile of IndyGo's 15-minute frequency routes to give developers time to prepare optimal site plans that will offer affordable housing for families earning low and moderate incomes.
The funding will support costs to maintain and hold the properties in this land bank. Since 2018, INHP has acquired 17 ETOD properties and has sold seven to developers as it works to reach its goal of providing 1,000 affordable units to Indianapolis residents.
'INHP is grateful for KeyBank's generous support as a partner in the ETOD program,' said Gina Miller, president and CEO of INHP. 'These funds will allow us to sustain this strategy and achieve positive outcomes for the people and neighborhoods we serve.'
Studies show Indianapolis' families spend an average of 46 percent of their income on housing and transportation. Through the ETOD program, INHP is promoting housing choice and affordability while also providing access to jobs, education, healthcare, food and cultural amenities - all needed for economic mobility.
'INHP plays a pivotal role in the Indianapolis community connecting people to the necessary resources for affordable housing,' said Juan Gonzalez, KeyBank's Central Indiana Market President. 'Key is incredibly proud to support INHP and follow through on our commitment to help the organizations and residents we serve thrive. This partnership will not only strengthen our community, but it will provide equitable access to jobs, education, healthcare and more.'
Since 2017, Key has made community investments totaling more than $930 million in Central Indiana which supports low to moderate income individuals and neighborhoods through lending for affordable housing, small businesses, mortgage and transformative philanthropy.
View additional multimedia and more ESG storytelling from KeyBank on 3blmedia.com.
Contact Info:
Spokesperson: KeyBank
Website: https://www.3blmedia.com/profiles/keybank
Email: [email protected]
SOURCE: KeyBank
Get a daily dose of Raleigh Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Raleigh Times.
More InformationSACRAMENTO, California: Fast food workers will now receive $20 per hour in California, after the governor signed a fast food ...
BEIJING, China: In a deal worth US$10 billion at list prices this week, state-owned carrier China Eastern Airlines announced that ...
BEIJING, China: This week, China Evergrande Group said its founder and chairman, Hui Ka Yan, is being investigated over suspected ...
RIVERSIDE COUNTY, California: In his opening statement this week in the first U.S. trial over allegations that a car autopilot ...
SEATTLE, Washington: As part of Washington's efforts to stop Big Tech from monopolizing the most lucrative parts of the internet, ...
JEDDAH, Saudi Arabia: As part of Riyadh's efforts to further Saudi Arabia's electrification drive, electric vehicle (EV) maker Lucid announced ...
TALLAHASSEE, Florida: The Florida Lottery said this week that the second-largest lottery winner in U.S. history has come forward to ...
VICTORIA, Texas: This week, U.S. District Judge Drew Tipton in Victoria, Texas, ruled that President Joe Biden did not have ...
EL PASO, Texas: Over the weekend, Oscar Leeser, Mayor of El Paso, said that the surge in migrants crossing the ...
(Photo credit: Stephen Brashear-USA TODAY Sports) Entering the final day of the regular season, this is what is known: The ...
(Photo credit: Nathan Ray Seebeck-USA TODAY Sports) The Tampa Bay Rays recalled Cooper Criswell from Triple-A Durham on Saturday and ...
(Photo credit: Michael Longo/For USA Today Network / USA TODAY NETWORK) Pitt starting quarterback Phil Jurkovec will play Saturday night ...