KeyBank Community Development Lending and Investment (CDLI) provided a $12 million construction loan and invested $16.1 million in LIHTC equity for the construction of Churchill Gateway II, a 70-unit affordable housing family project in Cleveland, OH. KeyBank Commercial Mortgage Group also arranged a $5.6 million Freddie Mac permanent loan for the project. Churchill Gateway also has state and local support and received an additional $1.75 million in funding from Ohio Housing Finance Agency.
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