SOURCE: KeyBank
DESCRIPTION:
Cleveland October 14, 2021 /3BL Media/ - KeyBank Community Development Lending and Investment (CDLI) has appointed Franz Hewitt as a relationship manager to expand its community development lending and investment activity in the Northeast. He will be focused on CDLI’s affordable housing lending efforts in the New York metro market. The move comes as KeyBank continues its commitment to affordable housing across the country, with a focus on expanding its CDLI platform. Franz is based in New York City, and reports to Kyle Kolesar, CDLI eastern region manager.
“I am excited to welcome Franz to the team. His unique experience in the public and policy side of housing will help us continue serve our clients and expand our CDLI capabilities,” said Kolesar.
Hewitt brings more than a decade of public sector affordable housing experience to Key. Prior to joining Key, Hewitt was Deputy Director for New York City’s Department of Housing Preservation and Development’s (HPD) HUD Multifamily Program in its division of Preservation Finance, which offers low interest loans and tax incentives for affordable housing preservation. Previously, he was a Senior Project Manager in the Real Estate Transaction Services Division of the New York City Economic Development Corporation. In this role he was responsible for sourcing and developing a robust pipeline of projects in key business sectors to advance the City of New York’s economic and policy initiatives including the Food Retail Expansion to Support Health (FRESH) program and the City’s Industrial Policy.
Hewitt earned his M.A. degree in History and B.A. in English from University at Albany, State University of New York .
About KeyBank Community Development Lending and Investment
KeyBank Community Development Lending and Investment (CDLI) finances projects that stabilize and revitalize communities across all 50 states. As one of the top affordable housing capital providers in the country, KeyBank’s platform brings together construction, acquisition, bridge-to-re-syndication, and preservation loans, as well as lines of credit, Agency and HUD permanent mortgage executions, and equity investments for low-income housing projects, especially Low Income Housing Tax Credit (LIHTC) financing. KeyBank has earned ten consecutive “Outstanding” ratings on the Community Reinvestment Act exam, from the Office of the Comptroller of the Currency, making it the first U.S. national bank among the 25 largest to do so since the Act’s passage in 1977.
About KeyCorp
KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $181.1 billion at June 30, 2021. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,100 branches and more than 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
KEYWORDS: keybank, NYSE: KEY, CDLI, New York
