CIL Secures $45M to Expand Disability Housing Nationwide
The Corporation for Independent Living (CIL), a nonprofit real estate developer focused on creating community-based housing for individuals with intellectual and developmental disabilities (I/DD), acquired brain injuries (ABI), and behavioral health needs, has secured a $45 million line of credit from KeyBank. This includes a $20 million expandable facility, enabling CIL to expand its operations across the continental United States—a significant step toward becoming a nationwide leader in housing solutions for people with disabilities.
With this financial support, CIL will invest in acquiring, renovating, and building residential properties in collaboration with nonprofit service organizations. Unlike the previous credit line, which restricted projects to certain areas, this new agreement removes those geographic barriers, giving CIL the flexibility to serve communities wherever demand is highest.
“We chose KeyBank intentionally because they understand the mission-driven nature of our work,” said Maria Green, CIL’s Chief Financial Officer. “Together with Webster Bank, Westfield Bank, and Rockland Trust, we now have partners who share our vision and are committed to helping us grow.”
CIL President and CEO Kent Schwendy emphasized the broader impact of the credit facility: “This isn’t just funding—it’s a tool that enables us to partner with organizations in any state ready to develop inclusive, community-based housing.”
KeyBank Market President Matthew Hummel echoed that commitment: “We’re proud to support CIL in providing affordable housing and supportive environments for individuals who need them most.”
Since its inception over 45 years ago, CIL has partnered with nonprofit service providers to create homes that promote independence and dignity for individuals requiring care. At the end of each lease term, CIL donates the property to the service provider—aligning long-term support with community empowerment.
The organization’s ability to operate nationally comes at a time when the disability services sector is grappling with challenges in staffing, funding, and housing availability.
“Our role is to manage the real estate side,” Schwendy said. “That way, providers can stay focused on delivering quality care.”
With this financial support, CIL will invest in acquiring, renovating, and building residential properties in collaboration with nonprofit service organizations. Unlike the previous credit line, which restricted projects to certain areas, this new agreement removes those geographic barriers, giving CIL the flexibility to serve communities wherever demand is highest.
“We chose KeyBank intentionally because they understand the mission-driven nature of our work,” said Maria Green, CIL’s Chief Financial Officer. “Together with Webster Bank, Westfield Bank, and Rockland Trust, we now have partners who share our vision and are committed to helping us grow.”
CIL President and CEO Kent Schwendy emphasized the broader impact of the credit facility: “This isn’t just funding—it’s a tool that enables us to partner with organizations in any state ready to develop inclusive, community-based housing.”
KeyBank Market President Matthew Hummel echoed that commitment: “We’re proud to support CIL in providing affordable housing and supportive environments for individuals who need them most.”
Since its inception over 45 years ago, CIL has partnered with nonprofit service providers to create homes that promote independence and dignity for individuals requiring care. At the end of each lease term, CIL donates the property to the service provider—aligning long-term support with community empowerment.
The organization’s ability to operate nationally comes at a time when the disability services sector is grappling with challenges in staffing, funding, and housing availability.
“Our role is to manage the real estate side,” Schwendy said. “That way, providers can stay focused on delivering quality care.”
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