KeyBank Community Development Lending and Investment (KeyBank) announced that it is providing $20.9 million of financing to help partners Home First Development and Green Light Development, develop a new affordable housing community in the Glenfair neighborhood of Portland, OR. While these two Portland-based affordable housing developers have previously collaborated, this community – to be called The Lawrence – represents the first development stemming from their joint effort to create a scalable, replicable model for quality affordable housing for underserved communities. By reducing the time and expense involved in designing new communities from scratch, this approach seeks to enable communities and organizations to provide desperately needed affordable homes more quickly and at lower cost across Oregon.