In addition to commercial activities, financial institutions support local communities through philanthropic activities. Learn how the state’s financial institutions are investing in Alaska.
A year after it began, Phase II of Cook Inlet Housing Authority’s Ch’Bala Corners residential development is celebrating completion.
Nicolle Welch joined KeyBank as Senior Area Retail Leader for the Alaska market.
Even with technology and shifting customer preferences, banks in Alaska are finding value in reinvesting in their branch networks.
KeyBank Community Development Lending and Investment packaged $20.2 million for the construction of Ch’bala Corners II, an affordable housing complex in Spenard.
A $100,000 gift from KeyBank to the Cook Inlet Housing Authority supports grants to the Protein Food Pantry and the Housing Stability Program.
Borrowers can use debt restructuring to renegotiate their delinquent financial obligations, restore liquidity, and continue their operations.
“Our lenders play such an important role in financing the startup and growth of Alaska’s small businesses. Especially this past year, they were critical in offering funds to so many struggling businesses,” says SBA Alaska Director Steve Brown.
The investments will continue focus on economic access and equity for underserved communities and populations.