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 one to four unit properties in low and moderate income areas. By providing the capital to grow and scale their businesses, C3 Fund meets the challenges small developers face operating in underserved communities.

"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 Fund has been a driver of capital to promote wealth creation, home ownership, and job creation within underserved communities in low to moderate income communities."

C3's mission is centered around building stable communities. Since inception, C3 Impact Fund has deployed more than $50 million in loans and created over 2200 jobs in low to moderate income communities.

"We are grateful for KeyBank's support of our work to transform blighted communities into thriving communities," said Tiffany Taylor, C3 Fund's Executive Director. " 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."