KeyBank Community Development Lending and Investment (CDLI) provided a $9.8 million construction loan and $11.8 million in LIHTC equity for the construction of an affordable multifamily property in Pittsburgh, PA. The Letsche School Development will include adaptive re-use of the historic former Letsche School, as well as the new construction of four townhomes on two adjacent vacant parcels. The project will create 46 mixed-income units and a community space for families and individuals earning no more than 60 percent of the area median income, of which 25 units will be subsidized by a Section 8 Housing Assistant Payment contract and seven units will remain at market rate. The unit mix includes 27 one-bedroom units, 12 two-bedroom units and seven three-bedroom units.