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Chicago & Midwest  + Downtown  + Finance  |  August 27, 2024
Jasmine Kilman
By: Jasmine Kilman

KeyBank Provides $2M for Women, BIPOC Chicago Investor Fund

KeyBank Community Development Financial Institutions (CDFI) Lending and Investment Group has provided a $2 million loan to C3’s Impact Fund.

C3 Fund is a Chicago-based CDFI that provides capital and technical assistance to BIPOC and female real estate investors looking to acquire and rehab properties in low and moderate income areas.

“Homeownership is a key component for building strong communities, and we are delighted to extend this new credit facility to support underserved developers in revitalizing and stabilizing neighborhoods,” said Brian Maddox, National Team Leader for KeyBank CDFI Lending and Investment Group.

C3’s mission is centered around building stable communities. Since its inception, the C3 Impact Fund has deployed more than $50 million in loans and created over 2,200 jobs in low—to moderate-income communities.

“KeyBank’s loan will enable C3 Impact Fund to make targeted investments that support us transforming distressed neighborhoods, creating local jobs, and addressing wealth disparities,” said Tiffany Taylor, C3 Fund’s Executive Director.

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C3 Impact FundKeyBank

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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