Natixis IM Announces Fifth Edition of The Students Challenge
KeyBank and KeyBank Foundation announced a $300,000 investment in Ann Arbor's Avalon Housing to enhance supportive services for tenants at risk of housing instability. The funding will support intensive case management services, helping tenants navigate care systems and achieve long-term stability. Avalon Housing, using the Housing First approach, maintains a 95% housing retention success rate. The organization currently manages 29 sites in Ann Arbor, Dexter, and Chelsea, with 150 new units in development. This investment aims to address the increasing homelessness crisis in Washtenaw County while providing residents with access to jobs, education, and healthcare resources.
KeyBank e KeyBank Foundation hanno annunciato un
KeyBank y la Fundación KeyBank anunciaron una inversión de $300,000 en Avalon Housing de Ann Arbor para mejorar los servicios de apoyo para inquilinos en riesgo de inestabilidad habitacional. La financiación respaldará servicios intensivos de gestión de casos, ayudando a los inquilinos a navegar por los sistemas de atención y lograr estabilidad a largo plazo. Avalon Housing, utilizando el enfoque de Housing First, mantiene una tasa de éxito del 95% en retención de vivienda. La organización actualmente gestiona 29 sitios en Ann Arbor, Dexter y Chelsea, con 150 nuevas unidades en desarrollo. Esta inversión tiene como objetivo abordar la creciente crisis de la falta de vivienda en el condado de Washtenaw, al tiempo que proporciona a los residentes acceso a empleo, educación y recursos de salud.
KeyBank와 KeyBank Foundation는 퇴거 위험에 처한 세입자를 위한 지원 서비스를 강화하기 위해 Ann Arbor의 Avalon Housing에 30만 달러 투자를 발표했습니다. 이 자금은 집중적인 사례 관리 서비스를 지원하여 세입자가 돌봄 시스템을 탐색하고 장기적인 안정성을 달성하는 데 도움을 줄 것입니다. Housing First 접근 방식을 사용하는 Avalon Housing은 주거 유지 성공률이 95%입니다. 이 기관은 현재 Ann Arbor, Dexter 및 Chelsea에서 29개 사이트를 관리하며, 150개의 새로운 유닛이 개발 중입니다. 이 투자금은 Washtenaw 카운티의 증가하는 홈리스 위기에 대응하고 주민들에게 일자리, 교육 및 의료 자원에 대한 접근을 제공하는 것을 목표로 하고 있습니다.
KeyBank et la Fondation KeyBank ont annoncé un investissement de 300 000 $ dans Avalon Housing à Ann Arbor pour améliorer les services de soutien aux locataires à risque d'instabilité résidentielle. Le financement soutiendra des services de gestion de cas intensifs, aidant les locataires à naviguer dans les systèmes de soins et à atteindre une stabilité à long terme. Avalon Housing, en utilisant l'approche Housing First, maintient un taux de réussite de 95 % en matière de maintien de logement. L'organisation gère actuellement 29 sites à Ann Arbor, Dexter et Chelsea, avec 150 nouvelles unités en développement. Cet investissement vise à répondre à la crise croissante des sans-abri dans le comté de Washtenaw tout en offrant aux résidents un accès à l'emploi, à l'éducation et aux ressources de santé.
KeyBank und die KeyBank Foundation haben eine Investition in Höhe von 300.000 Dollar in das Avalon Housing in Ann Arbor angekündigt, um die Unterstützungsdienste für Mieter, die von Wohnungsinstabilität bedroht sind, zu verbessern. Die Finanzierung wird intensive Fallmanagementdienste unterstützen, um Mietern zu helfen, sich im Unterstützungssystem zurechtzufinden und langfristige Stabilität zu erreichen. Avalon Housing verfolgt den Housing-First-Ansatz und hat eine Erfolgsquote von 95% bei der Wohnungsverweildauer. Die Organisation verwaltet derzeit 29 Standorte in Ann Arbor, Dexter und Chelsea und entwickelt 150 neue Einheiten. Dieses Investment zielt darauf ab, der wachsenden Obdachlosigkeitskrise im Washtenaw County zu begegnen und den Bewohnern den Zugang zu Arbeitsplätzen, Bildung und Gesundheitsressourcen zu ermöglichen.
- Secured $300,000 investment from KeyBank and KeyBank Foundation
- Maintains 95% housing retention success rate
- Expanding operations with 150 new housing units in development
- None.
Avalon will be focused on providing support to individuals and families who are at the highest risk of housing instability and require intensive support to maintain their housing and improve their overall well-being
NORTHAMPTON, MA / ACCESSWIRE / October 8, 2024 / KeyBank and the KeyBank Foundation announced an investment of
Avalon Housing, a nonprofit provider of affordable housing, uses what's known as the supportive housing approach. Widely considered the best long-term solution to homelessness, supportive housing prioritizes the health and well-being of tenants by providing resources to help them stay-and thrive-in their homes.
Using grant funding, the staff at Avalon will be focused on providing support to individuals and families who are at the highest risk of housing instability and require intensive support to maintain their housing and improve their overall well-being. Avalon has found that this approach leads to a decrease in evictions, improved health outcomes and increased economic stability for residents.
"KeyBank's purpose is to help the communities we serve thrive, and accessibility to safe, affordable housing resources is a crucial element," said Dave Mannarino, KeyBank Michigan Market President. "We are excited to partner with and support Avalon Housing once again, helping to enhance support services necessary in the effort to end homelessness. This partnership will not only strengthen our community, but it will provide Avalon tenants equitable access to jobs, education, healthcare and more."
A lack of affordable housing is driving a dramatic increase in homelessness in Washtenaw County. Housing First is a proven model for addressing homelessness with an
"We're grateful for the support from KeyBank," said Avalon Housing Executive Director Aaron Cooper. "He know the problems of homelessness and a lack of housing affordability are not going away, and we will continue to work to provide solutions. In fact, we have nearly 175 new housing units in the pipeline right now. Partnership and support from the community are essential in our journey toward housing justice and creating a place for all of our neighbors to call home."
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
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 1,000 branches and approximately 1,200 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 Member FDIC.
ABOUT AVALON HOUSING
Avalon Housing's mission since its founding in 1992 is to build healthy, safe and inclusive supportive housing communities as a long-term solution to homelessness. Avalon owns and manages 29 sites in Ann Arbor, Dexter and Chelsea, and has 150 units in the pipeline in new projects in Ann Arbor and Ypsilanti. https://avalonhousing.org/
View additional multimedia and more ESG storytelling from KeyBank on 3blmedia.com.
Contact Info:
Spokesperson: KeyBank
Website: https://www.3blmedia.com/profiles/keybank
Email: info@3blmedia.com
SOURCE: KeyBank
View the original press release on accesswire.com
FAQ
What is the size of KeyBank's investment in Avalon Housing in 2024?
What is Avalon Housing's current housing retention success rate?
How many new housing units does Avalon Housing have in development?
How many sites does Avalon Housing currently manage?
