ACCESS Newswire
14 Sep 2023, 21:13 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 Albuquerque Express 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 Albuquerque Express.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...