KEYCORP PRESENTS BRANCH KEY TO
CLEVELAND HOUSING NETWORK
FOR TECHNOLOGY & TRAINING CENTER

The CHN Community Training & Technology Center will be a streamlined venue for CHN’s over 5,000 Lease Purchase Program residents and, through CHN’s partner organizations, the community at large. The CTTC will provide access to technology, a comprehensive curriculum of job and life skills training, and educational programs designed to develop critical competencies and provide support for Cleveland families during their transition from poverty to self sufficiency, employment and homeownership. CHN estimates approximately 1400 clients will be served in the Center’s first full year of operation.

“Our commitment to the Cleveland Housing Network and this Center reflects KeyCorp’s vision of advancing the revitalization of our neighborhoods through empowered residents. We are thrilled to make the CTTC possible with financial resources and the transfer of this facility. Through partnerships with community development organizations, Key creates advancement opportunities for Cleveland families – and ensures vital communities for the future,” said Murphy.

“The KeyCorp family’s significant commitment to this project means that the Cleveland Housing Network can continue empowering Cleveland families and repairing social divides with bridges of hope – like homeownership and access to technology and the freedom it offers,” Curry added.

KeyCorp is leasing the facility to CHN at no cost beyond utilities, maintenance and infrastructure modifications for an initial 5-year period with an optional 3-year renewal. The Key Foundation has committed $50,000/year over three years to support the CTTC, and volunteers from their Information Technology Department will serve as instructors at the Center.

Community Development Banking is treated as a traditional line of business opportunity within KeyBank National Association. Key’s community reinvestment efforts throughout Cleveland continue to focus on proactive participation in resourceful community development partnerships, working to meet customer needs in all economic segments of the community and creating opportunities for small businesses through non-traditional approaches to financing.

The Cleveland Housing Network, Inc. (CHN) provides community development corporations access to capital to develop affordable housing in the city of Cleveland. Since its formation in 1981, CHN has generated more than $220 million in capital investments in the Cleveland neighborhoods – making possible 2,600 homeownership opportunities – and delivering energy conservation and home repair services to more than 45,000 low-income households across Northeast Ohio. CHN currently produces about 300 homes annually, and provides weatherization and home repair services to approximately 5,000 households per year.