Preble Street, a Portland nonprofit focused on reducing homelessness, will receive $300,000 from KeyBank’s charitable arm.
KeyBank Foundation will make the grant over three years.
The donation is part of a Key’s National Community Benefits Plan, which will commit $16.5 billion to community development and investment over five years. The plan will cover Key’s 15-state footprint and be initiated in four areas: mortgage ($5 billion), small business lending ($2.5 billion), community development lending ($8.8 billion) and investment and philanthropy ($175 million).
The funding will expand Preble Street’s current “Housing First” support services and increase the permanent supportive housing it can provide from 55 to 85 individuals.