KeyBank Hits Another Important Milestone, Surpassing $1 Million in Neighbors First Credits

Core Insights - KeyBank has funded over $1 million in Neighbors First Credits, assisting 200 clients in achieving homeownership since the program's launch in July 2023 [1] - The Neighbors First Credit program provides $5,000 towards closing costs and other fees for eligible homebuyers [1][3] - KeyBank's 2024 Financial Mobility Survey indicates that 69% of Americans not currently in the market believe homeownership is unattainable [2] KeyBank Programs - The Neighbors First Credit has funded credits in various communities, including Cleveland (47 credits for $235,000), Columbus (25 credits for $125,000), Dayton (11 credits for $55,000), and Albany (9 credits for $45,000) [3] - KeyBank also offers the Homebuyer Credit, which has provided over $2.4 million in credits to 533 clients since its launch in September 2022 [3] - The Key Opportunities Home Equity Loan has funded $13 million in loans for 259 clients since its inception on March 1, 2023 [4] Company Commitment - KeyBank emphasizes its commitment to making homeownership affordable, accessible, and sustainable, aiming to help clients build wealth through various resources and programs [5] - The bank operates approximately 1,000 branches and 1,200 ATMs, with assets totaling approximately $187 billion as of June 30, 2024 [6]