ROCHESTER, N.Y., Oct. 20,
2023 /PRNewswire/ -- KeyBank is investing
$200,000 to help Young Women's Christian Association of
Rochester and Monroe County (YWCA) expand efforts to
help homeless women and families find appropriate housing and
improve financial stability. YWCA has been providing safe, quality
housing to women in the Rochester
community for 140 years and is the only agency within Monroe County that provides a full continuum
of housing options targeting women, from emergency shelter services
to permanent housing.
Rochester has very few shelters
that can accommodate families in Monroe
County as licensing requirements prohibit cohabitating
singles with families. Funding from KeyBank will help YWCA as it
renovates a facility on Ardmore Street in Rochester that will house a licensed homeless
shelter allowing homeless women and their families to stay together
while seeking a more permanent housing solution.
"Our investment and support of YWCA is symbolic of KeyBank's
purpose to help Rochester and all
of the communities we serve thrive," said Phil Muscato, KeyBank Rochester Market
President. "The work YWCA will do at this new facility will provide
women and families with a safe place to live together. It will also
provide them a path to permanent housing and financial
stability."
"We are grateful for KeyBank and their unwavering support of our
community," said Dr. Myra
Henry, YWCA of Rochester & Monroe County. "This
expansion of our Emergency Housing services will enable YWCA
to open twelve additional units of supportive services and
shelter for unhoused families here in the
19th Ward."
Each year, more than 1,000 women and children take the first and
subsequent steps to getting their lives back on track as part of
YWCA's Housing programs.
Since 2017, KeyBank has made more than $727 million in investments in the Rochester market, supporting affordable
housing and community development projects; small business and home
lending to low-to-moderate income individuals and communities, and
transformative philanthropy.
ABOUT KEYBANK
KeyBank's roots trace back nearly 200
years to Albany, New York.
Headquartered in Cleveland, Ohio,
KeyCorp is one of the nation's largest bank-based financial
services companies, with assets of approximately $188 billion at September
30, 2023. Key provides deposit, lending, cash management,
and investment services to individuals and businesses in 15 states
under the name KeyBank National Association through a network of
approximately 1,000 branches and approximately 1,300 ATMs. Key also
provides a broad range of sophisticated corporate and investment
banking products, such as merger and acquisition advice, public and
private debt and equity, syndications and derivatives to middle
market companies in selected industries throughout the United States under the KeyBanc Capital
Markets trade name. For more information, visit
https://www.key.com/. KeyBank is Member FDIC.
ABOUT YWCA ROCHESTER AND
MONROE COUNTY
The YWCA of
Rochester & Monroe County is a powerful resource in our
community. We help women and girls who are faced with
personal crises including homelessness and teen pregnancy. We
also work hard to dispel stereotypes and promote racial justice.
Our goal is to empower women to regain control of their lives and
get on the path to a healthy, successful future.
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SOURCE KeyCorp