Month: September 2023

KeyBank and NAHREP, a member-based business trade association committed to advancing sustainable homeownership and the economic mobility of Hispanics in America, today announced plans to partner to make homeownership more accessible to Hispanics across Key’s footprint. This strategic partnership is part of Key’s broader commitment to enhance relationships and partnerships within the Hispanic communities and to better serve minority homeownerships. 

NAHREP® is a purpose-driven trade organization that is propelled by a passionate combination of entrepreneurial spirit, cultural heritage and the advocacy of its members. With a network of over 40,000 real estate professionals nationwide, NAHREP works to be the Voice for Hispanic Real Estate® and advocate on national and state legislative issues that are critical to the mission of advancing sustainable Hispanic homeownership.

Starting this year, Key and NAHREP will work together to support the goals and objectives of reducing the barriers to homeownership for the Hispanic community. Together, they will work to:

Educate and empower real estate professionals who serve Hispanic home buyers and sellersAdvocate for public policy that supports the trade association’s missionFacilitate relationships among industry stakeholders, real estate practitioners and other housing industry professionals

In addition to the partnership, Dale Baker, President of KeyBank Home Lending, has been appointed to the Corporate Board of Governors (CBOG). The CBOG is a stakeholder group that serves as an advisory board to NAHREP’s Board of Directors and the association overall. The CBOG Provides NAHREP with market intelligence, business development expertise, and policy position recommendations that provide the association with a frame of reference. The support provided by this group of stakeholders is critical in the advancement of NAHREP’s mission and serves as a driving force for NAHREP’s purpose.

“At KeyBank, helping all residents have equal access to homeownership is a priority. KeyBank’s partnership with NAHREP is one more way the bank is making access to homeownership easier and more equitable for everyone. As part of our strategy, we are looking to enhance our capabilities to serve these communities,” says Dale Baker. “We’re excited for our partnership and look forward to the impact we will make for the Hispanic community.”

“We are excited to partner with KeyBank. Securing financing can be a significant barrier for Hispanics, especially in this market,” says Gary Acosta, CEO and cofounder of NAHREP. “Partnering with organizations like Key helps us educate others on what products and services are available to make sustainable homeownership a possibility.”

Key and Baker will participate at the NAHREP National Conference, September 27-30 in Miami, FL.

About KeyCorp

KeyCorp’s roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $195 billion at June 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. Equal Housing Lender. Mortgage and Home Equity Lending products offered by KeyBank are not FDIC insured or guaranteed. NMLS #399797

About NAHREP:

The National Association of Hispanic Real Estate Professionals® (NAHREP®), a nonprofit 501(c)6 trade association, is dedicated to advancing sustainable homeownership for the Hispanic community in America. NAHREP has a network of over 40,000 real estate professionals and 100 local chapters nationwide, hosting several national events per year and publishing multiple industry cornerstone reports annually and multimedia content. Join us in advocating for policies that grow sustainable Latino homeownership, read our 2023 policy priorities here.

Copyright © 2023 KeyCorp®. All Rights Reserved CFMA #230925-2257978

PNC | Insights

The South African women behind Ubuhle Beads may be nearly halfway across the world, but the financial independence they are afforded through the sale of their hand sewn paintings in beads is one way this group of women is earning income – an effort that aligns with PNC’s Project 257®: Accelerating Women’s Financial Equality initiative to help close the economic gender gap.

When the women of Ubuhle Beads decided to turn the artistry of their work into a worldwide traveling exhibit, PNC’s Orange County-Inland Empire market was there to sponsor its July 1-Aug. 27, 2023, showcase at the Bowers Museum in Santa Ana, California. “Ubuhle Women: Beadwork and the Art of Independence” highlighted a contemporary form of bead art, the ndwango (translates as “cloth” or “rag”), created by the women in South Africa’s rural KwaZulu community.

Founder and curator Beverly Gibson and artist Ntombephi “Induna” Ntobela established Ubuhle, which means “beauty” in South Africa’s Xhosa and Zulu languages, in 1999 for women to learn the community tradition of beadwork using Czech glass. In the rural, mountainous community of KwaZula-Natal province, cattle-raising and corn and sugar crops drive the local economy, and women often are denied opportunities to earn a steady income or obtain a Western education.1

Ubuhle Beads opened an opportunity for the Xhosa and Zulu women to sell the pieces to establish some financial freedom.

Jarrod Ingle, regional president and head of corporate banking for PNC’s Orange County-Inland Empire market, says sponsorship of the traveling Ubuhle exhibit brings visibility to the importance of moving all forward financially.

“The exhibition is representative of women’s ingenuity and the inequity they face around the world and here in our own community,” Ingle says. “Our team is dedicated to supporting the achievement of women financial decision-makers across the region and will remain diligent in our work to help close the economic gender gap.”

Progress, But Much Work Needed

The bank’s PNC-Certified Women’s Business Advocates (WBAs) have been providing resources to women financial decision-makers for nearly two decades. In 2021, on Sept. 14, the 257th day of the year, PNC launched Project 257®, inspired by the World Economic Forum’s 2020 Global Gender Gap Report, which declared that it would take 257 years for women to catch up to men economically. The recently released 2023 report shows improvement: 169 years to reach economic parity at the current rate of progress.1

“It’s a hopeful sign that nearly a century’s worth of progress toward economic equality can be achieved in just a few short years, but 169 years is still too long to wait,” says Beth Marcello, director of Women’s Business Development at PNC. “The new data gives me confidence that closing the gap is within the realm of possibility if everyone works together to increase women’s representation in the workforce, income equality and access to credit.”

Across the country, the bank continues to look for opportunities to support women. A coast-to-coast network of 5,000 men and women PNC-Certified WBAs are dedicated to supporting the financial success of women, including those who own or lead businesses. Dozens of those WBAs serve the Orange County-Inland Empire market.

The bank makes further impact through partnerships that align with PNC’s values and commitment to supporting women, including relationships with the global nonprofit Coralus, which provides 0% interest loans, mentorship and support to women entrepreneurs, and Women Presidents Organization, which provides a peer network to women presidents across the globe. Another example is PNC’s annual Women in Business Week, which offers motivating experiences and insights on a variety of topics relevant to women financial decision-makers.

PNC’s support for accelerating women’s financial equality also shows up through its role as The Official Women’s Business Champion for the Angel City Football Club in Los Angeles and the enterprise-wide Women in Motorsports partnership with Chip Ganassi Racing, an internship program that engages a selected group of women college students in on-site learning and career-development experiences in the traditionally male-dominated sport of auto racing.

Moving All Forward in Orange County-Inland Empire

To help launch the Ubuhle exhibit last month, local PNC WBAs presented a panel discussion on women and finance that included Ubuhle curator Gibson along with community leaders Mary Cramer, member of Bowers board of governors, and Debora Wondercheck, founder and chief executive officer of the Costa Mesa-based Arts and Learning Conservatory. Gibson led a tour of the exhibit following the discussion.

Raquel Bone, managing director for Institutional Asset Management in Southern California, moderated the conversation that touched on everything from establishing the early foundations of financial wellness to the responsibilities of managing childcare while building a successful business or career.

“These kinds of conversations can help lift the veil to reveal the barriers to financial success that women often face,” Bone says, “and they also serve as a great source of inspiration that can guide women to the many resources in our community that can help accelerate financial equality.”

https://www.britannica.com/place/KwaZulu-Natalhttps://www.weforum.org/reports/global-gender-gap-report-2023/digest

These articles are for general information purposes only and are not intended to provide legal, tax, accounting or financial advice. PNC urges its customers to do independent research and to consult with financial and legal professionals before making any financial decisions. This site may provide reference to Internet sites as a convenience to our readers. While PNC endeavors to provide resources that are reputable and safe, we cannot be held responsible for the information, products or services obtained on such sites and will not be liable for any damages arising from your access to such sites. The content, accuracy, opinions expressed and links provided by these resources are not investigated, verified, monitored or endorsed by PNC.