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KeyBank and the Center for New York City Neighborhoods Partner on Black Homeownership Project

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KeyBank and The Center for New York City Neighborhoods (CNYCN) are strengthening their partnership to boost Black homeownership in New York City. KeyBank Foundation has granted $20,000 to support CNYCN's Black Homeownership Project (BHP), which aims to preserve and increase Black homeownership through high-quality services, policy advocacy, and community organizing.

This grant follows a previous two-year, $150,000 foundation grant made in 2022 to launch CNYCN's Savings Accelerator and Pathways to Tenant Purchases programs. The new funding will support staff working across five pilot BHP initiatives, offering outreach, educational workshops, and one-on-one services to homeowners.

Since its founding in 2008, CNYCN has helped over 250,000 low- and moderate-income families maintain their homes and achieve financial stability, preserving more than $10 billion in neighborhood property value across New York.

KeyBank e The Center for New York City Neighborhoods (CNYCN) stanno rafforzando la loro partnership per aumentare la proprietà di case da parte dei neri a New York. La KeyBank Foundation ha concesso 20.000 dollari per supportare il Progetto per la Proprietà di Case da Parte dei Neri (BHP) di CNYCN, il quale mira a preservare e incrementare la proprietà di case da parte dei neri attraverso servizi di alta qualità, advocacy politica e organizzazione comunitaria.

Questo finanziamento segue una precedente sovvenzione di due anni di 150.000 dollari concessa nel 2022 per lanciare i programmi Savings Accelerator e Pathways to Tenant Purchases di CNYCN. Il nuovo finanziamento supporterà il personale che lavora su cinque iniziative pilota del BHP, offrendo attività di sensibilizzazione, workshop educativi e servizi personalizzati per i proprietari di casa.

Dal suo inizio nel 2008, CNYCN ha aiutato oltre 250.000 famiglie a basso e medio reddito a mantenere le proprie case e raggiungere stabilità finanziaria, preservando oltre 10 miliardi di dollari di valore immobiliare nei quartieri di New York.

KeyBank y The Center for New York City Neighborhoods (CNYCN) están fortaleciendo su asociación para aumentar la propiedad de viviendas por parte de la comunidad negra en la ciudad de Nueva York. La KeyBank Foundation ha otorgado 20,000 dólares para apoyar el Proyecto de Propiedad de Viviendas para Negros (BHP) de CNYCN, que tiene como objetivo preservar e incrementar la propiedad de viviendas en esta comunidad a través de servicios de alta calidad, defensa de políticas y organización comunitaria.

Esta subvención sigue a una subvención fundacional anterior de dos años por 150,000 dólares realizada en 2022 para lanzar los programas Savings Accelerator y Pathways to Tenant Purchases de CNYCN. La nueva financiación apoyará al personal que trabaja en cinco iniciativas piloto del BHP, ofreciendo divulgación, talleres educativos y servicios personalizados a los propietarios de viviendas.

Desde su fundación en 2008, CNYCN ha ayudado a más de 250,000 familias de bajos y medianos ingresos a mantener sus hogares y alcanzar estabilidad financiera, preservando más de 10 mil millones de dólares en valor de propiedades en los vecindarios de Nueva York.

KeyBank와 뉴욕시 이웃 센터(The Center for New York City Neighborhoods, CNYCN)는 뉴욕시에서 흑인 주택 소유를 증대시키기 위해 파트너십을 강화하고 있습니다. KeyBank 재단은 CNYCN의 흑인 주택 소유 프로젝트(BHP)를 지원하기 위해 20,000달러를 기부했습니다. 이 프로젝트는 고품질 서비스, 정책 옹호 및 지역사회를 조직하여 흑인 주택 소유를 보존하고 증가시키는 것을 목표로 하고 있습니다.

이번 기부는 2022년에 CNYCN의 Savings Accelerator 및 Pathways to Tenant Purchases 프로그램을 시작하기 위해 이루어진 이전 150,000달러의 2년 기부에 이어진 것입니다. 새로운 자금은 BHP 파일럿 이니셔티브 5개에서 일하는 직원들을 지원하여, 주택 소유자를 위해 아웃리치 활동, 교육 워크숍 및 1:1 서비스를 제공합니다.

2008년 설립 이후, CNYCN은 25만 명 이상의 저소득 및 중간 소득 가정이 자신의 집을 유지하고 재정적 안정을 이루도록 도왔으며, 뉴욕 전역에서 100억 달러 이상의 지역 부동산 가치를 보존했습니다.

KeyBank et le Centre pour les quartiers de New York (CNYCN) renforcent leur partenariat pour augmenter la propriété immobilière des Noirs à New York. La KeyBank Foundation a accordé 20 000 dollars pour soutenir le Projet de Propriété des Noirs (BHP) de CNYCN, qui vise à préserver et à accroître la propriété immobilière des Noirs grâce à des services de haute qualité, au plaidoyer politique et à l'organisation communautaire.

Cette subvention fait suite à une subvention antérieure de 150 000 dollars sur deux ans accordée en 2022 pour lancer les programmes Savings Accelerator et Pathways to Tenant Purchases de CNYCN. Le nouveau financement soutiendra le personnel travaillant sur cinq initiatives pilotes du BHP, offrant des activités de sensibilisation, des ateliers éducatifs et des services personnalisés aux propriétaires.

Depuis sa création en 2008, la CNYCN a aidé plus de 250 000 familles à faible et moyen revenu à conserver leur logement et à atteindre la stabilité financière, préservant plus de 10 milliards de dollars de valeur immobilière dans les quartiers de New York.

KeyBank und das Center for New York City Neighborhoods (CNYCN) stärken ihre Partnerschaft, um schwarze Eigenheimförderung in New York City zu steigern. Die KeyBank-Stiftung hat 20.000 Dollar bereitgestellt, um das Projekt zur schwarzen Eigenheimförderung (BHP) von CNYCN zu unterstützen, das darauf abzielt, die schwarze Eigenheimförderung durch qualitativ hochwertige Dienstleistungen, politische Interessenvertretung und Gemeinschaftsorganisation zu bewahren und zu steigern.

Diese Förderung folgt auf eine vorherige zweijährige Stiftungssubvention in Höhe von 150.000 Dollar, die 2022 zur Einführung der Programme Savings Accelerator und Pathways to Tenant Purchases von CNYCN vergeben wurde. Die neuen Mittel werden das Personal unterstützen, das an fünf Pilotinitiativen des BHP arbeitet, um Outreach, Bildungsworkshops und individuelle Dienstleistungen für Eigenheimbesitzer anzubieten.

Seit seiner Gründung im Jahr 2008 hat CNYCN über 250.000 einkommensschwachen und -mittleren Familien geholfen, ihre Häuser zu erhalten und finanzielle Stabilität zu erreichen, und mehr als 10 Milliarden Dollar an Immobilienwerten in den Stadtvierteln in New York bewahrt.

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NEW YORK, NY / ACCESSWIRE / August 27, 2024 / KeyBank and The Center for New York City Neighborhoods (CNYCN) continue to work together to increase Black homeownership throughout New York City with a new $20,000 grant from KeyBank Foundation to support the organization's Black Homeownership Project (BHP), which aims to preserve and increase the number of Black homeowners in the city by providing high quality services, advocating for policies that support Black homeowners, and organizing around issues related to Black homeownership.

The latest grant follows a two-year, $150,000 foundation grant made in 2022 to launch CNYCN's Savings Accelerator and Pathways to Tenant Purchases programs. This new funding will support program staff who work across CNYCN's five pilot BHP initiatives including the Savings Accelerator and Pathways to Tenant Purchases programs, which offer outreach, educational workshops, and direct, one-on-one services to homeowners.

"Homeownership is a crucial asset for building generational wealth and equity and for stabilizing neighborhoods and communities, but a history of racist housing practices has made acquiring and maintaining a home more challenging for many Black families in the city," said Kevin Wolfe, Deputy Director of Advocacy & Public Affairs at The Center for New York City Neighborhoods. "We're grateful for KeyBank's partnership and support in helping the Black Homeownership Project advance its mission of growing affordable homeownership opportunities and preventing displacement for New York's Black communities who have systematically been excluded from the system."

Founded in 2008 as a response to the loss of Black homeowners in Queens following the 2008 foreclosure crisis, CNYCN meets the complex and diverse needs of tens of thousands of middle- and working-class families by administering, coordinating, and funding a network of more than two dozen community-based nonprofits across New York City who deliver legal and housing counseling services to low- to moderate-income (LMI) homeowners. The Center and its partners have helped more than 250,000 low- and moderate-income (LMI) families keep their homes and gain financial stability, preserving over $10 billion in neighborhood property value across New York.

"As a community-minded bank, KeyBank is committed to providing access to capital and support to neighborhoods and neighbors who have often faced financial barriers," said KeyBank's Hudson Valley and Metro New York Market President, John Manginelli. "We are pleased to support the efforts of the Center for NYC Neighborhoods in implementing innovative programs that are driving affordable homeownership for all."

About The Center of New York City Neighborhoods

The Center for NYC Neighborhoods promotes and protects affordable homeownership in New York City so working- and middle-class families can build strong, thriving communities. We carry out our mission to promote and protect affordable homeownership through the lenses of racial equity and climate change. Established by public and private partners, the Center meets the diverse needs of homeowners throughout New York state by offering free, high-quality housing services. Since our founding in 2008, our network has assisted over 250,000 homeowners, and provided more than $60 million in funding to community-based partners. Visit cnycn.org to learn more.

About KeyCorp/KeyBank

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 $187 billion at June 30, 2024. 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.

KeyBank Media Contact: Karen Crane | karen_crane@keybank.com | 203-789-2752



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SOURCE: KeyBank



View the original press release on accesswire.com

FAQ

What is the amount of KeyBank's latest grant to the Center for New York City Neighborhoods?

KeyBank Foundation has granted $20,000 to support the Center for New York City Neighborhoods' Black Homeownership Project (BHP).

How much did KeyBank grant to CNYCN in 2022?

In 2022, KeyBank made a two-year, $150,000 foundation grant to launch CNYCN's Savings Accelerator and Pathways to Tenant Purchases programs.

What is the main goal of the Black Homeownership Project (BHP)?

The Black Homeownership Project aims to preserve and increase the number of Black homeowners in New York City by providing high-quality services, advocating for supportive policies, and organizing around issues related to Black homeownership.

How many families has the Center for New York City Neighborhoods helped since its founding?

Since its founding in 2008, CNYCN has helped more than 250,000 low- and moderate-income families keep their homes and gain financial stability.

What is the total value of neighborhood property preserved by CNYCN's efforts?

CNYCN and its partners have preserved over $10 billion in neighborhood property value across New York.

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