KeyBank to provide development financing for affordable housing at Diagonal Crossing
BOULDER — KeyBank will provide a total of $50.4 million in financing to help fund the construction of affordable housing at the Diagonal Crossing development in Boulder.
The bank’s Community Development Lending and Investment team will support the project through a $24.7 million construction loan, $10.4 million in Low-Income Housing Tax Credit equity and a $15.3 million permanent loan arranged by KeyBank Real Estate Capital, according to a REBusinessOnline report.
Developers broke ground last summer on the mixed-use Diagonal Crossing project.
The project site is on vacant land…
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