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 The US News 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 The US News.
More InformationLONDON, UK: The UK government said over the weekend that it could downscale the scope of the High Speed 2 ...
LAHAINA, Hawaii: This week, officials are expected to begin lifting restrictions on entry to the burn zone in Lahaina, Hawaii, ...
LONG ISLAND, New York: On Thursday, a bus carrying members of a high school marching band traveling to a music ...
GAINESVILLE, Florida: Local police report stopping children, ages 10 and 11, who had driven their family car 200 miles, in ...
Washington, D.C.: This week, the U.S. Court of Appeals for the Federal Circuit suspended 96-year-old Judge Pauline Newman from hearing ...
NEW YORK: On Tuesday, former U.S. Congressman Stephen Buyer was sentenced to 22 months in prison for trading on inside ...
TOKYO, Japan: Toyota Motor (7203.T) is ramping up its production of electric vehicles (EVs) under both the Toyota and luxury ...
WASHINGTON D.C.: After consumer complaints of oil pump failures, the National Highway Traffic Safety Administration's (NHTSA) Office of Defects Investigation ...
NEW YORK, New York - With no major news Monday, and nothing on the horizon, U.S. stocks remained little moved, ...
WASHINGTON D.C.: In a small but rare reduction to its headcount, which has grown steadily since 2010, the US Federal ...
CAMP HILL, Pennsylvania: This week, the Wall Street Journal (WSJ) reported that Rite Aid could shut down some 400 to ...
WASHINGTON D.C.: U.S. Transportation Secretary Pete Buttigieg has criticized the air traffic control staffing shortages in New York as "unacceptable" ...