Explore the latest developments concerning KeyBank Provides $25.9.
KeyBank Provides $25.9 Million of Construction Financing for Affordable Housing in Los Angeles
CLEVELAND, October 1, 2025 /CSRwire/ – KeyBank Community Development Lending and Investment (CDLI) provided a $25.9 million loan to finance the new construction of 1434 W. Compton Blvd LP, a 75-unit affordable housing project located in Compton, California. The Coalition for Responsible Community Development (CRCD) has partnered with LandSpire Group, LLC, to develop the project. This is the inaugural development project between the sponsor, CRCD and LandSpire Group, LLC, a partnership that aims to produce 1,000+ permanent supportive and affordable housing units across the Greater Los Angeles area over the next decade.
The project will be a three-story development consisting of studio, one-bedroom and two-bedroom units, all of which are restricted at or below 50% of the area median income (AMI). Fifty percent of the units are set aside as permanent supportive housing, and the remaining 50% as general affordable housing. Additional LIHTC equity and Freddie Mac TEL permanent financing were secured from Walker & Dunlop.
Sabres announce continuation of KeyBank Center lease | Buffalo Sabres
The team is in the early stages of developing a long-term plan for the arena
The Buffalo Sabres are continuing their current lease at KeyBank Center through September 2031, the team announced Saturday.
Under the terms of their agreement with Erie County, the Sabres had the option to either continue their lease for an additional five years or opt out on Sept. 30.
“The Pegula family continues to invest in our city, and there is no greater vehicle for growth than KeyBank Center,” Sabres COO Pete Guelli said. “The next five years give us a chance to discuss a long-term plan for the arena that benefits both the Sabres and Western New York.”
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East Notes: KeyBank Center, Ovechkin, McLaughlin, Dorwart
The Buffalo Sabres are staying in their current home for a few more years. As part of its agreement with Erie County, the Sabres have declined an opt-out clause in their lease at the KeyBank Center and have extended the deal for another five years, according to a team announcement.
The KeyBank Center has been home to the Sabres since 1996, although it has been known as Marine Midland Arena, HSBC Arena, and First Niagara Center during that time. Once the lease concludes after the 2030-31 NHL season, it will have served as Buffalo’s home arena for 35 years, which is on the shorter side compared to the typical NHL stadium’s lifespan.
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