Citi Community Capital Tops AHF's Ranking of Top Affordable Housing Lenders

Citi has earned the top position in Affordable Housing Finance (AHF) Magazine's eighth annual survey of affordable housing lenders. Citi Community Capital, which is the main avenue through which Citi works to finance all types of affordable housing and community investment projects reported over $2.6 billion of volume for 2013.

Total lending and investing for community development by Citi Community Capital in 2013 was $4.35 billion, which also includes education and healthcare. The lending and investing activities were in 144 cities across 25 states.

"We have a broad product suite and talented people allowing us to provide innovative solutions for our clients," said Richard Gerwitz, Co-Head of Citi Community Capital. "This accolade is a byproduct of that combination and the fact that we are committed to investing in the communities we serve."

In addition, Citi holds the top position for both Freddie Mac's Targeted Affordable Lender and Very Low Income Housing Lender programs. Citi is also an active Fannie Mae and balance sheet lender.

Citi has held the #1 position for 7 of the 8 years since the AHF survey was started in 2006.

See the rankings here

Affordable Housing

We offer the most comprehensive services and products for non-profit and for-profit affordable housing developments, charter schools and healthcare facilities. Citi provides an array of responsible lending solutions, including pre-development loans, construction financing and permanent financing.

Community Development

Citi is stimulating community development with investment banking and financing for developers, syndicators and community organizations. We offer a wide array of solutions along with the professional advice and expertise to help secure the most effective options.
 

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(updated 12/31/2013)

20,369 Housing Units Financed
5,100 Designated for Seniors
256 Transactions Closed
145 Cities Served

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"With the help from Citi, 1,000 residents have access to a brand new community and state of the art amenities. Kings Terrace is truly a model for urban renewal in Miami and other large metropolitan areas throughout the country."

— David O. Deutch, Partner, Pinnacle Housing Group

"Recognizing the void for affordable housing targeting transition-aged youth, Citi stepped up to the plate at a critical time and provided financing for a difficult to develop project during the height of the economic downturn."

— Dean Matsubayashi, Executive Director, Little Tokyo Service Center, a Community Development Corporation

"We are grateful for our friends at Citi, whose creative financing combined with our shared community vision to create a project that has truly transformed the Barrio community of San Diego."

— James J. Schmid, Founder / CEO Chelsea Investment Corporation

"Without a lender like Citi, many affordable housing developments would not receive the financial support they need, leaving families and seniors stranded. This is another example of Citi's excellent use of their wide array of lending services specifically developed for affordable housing."

— Robert Emami, CEO of ROEM Development

"With the vision and financial investment of our partners at Citi Community Capital, we have been able to restore the once neglected Warburton Lofts to provide affordable housing and necessary community services for downtown residents. We are proud to work with Citi to create an important component of the revitalization of Yonkers."

— Ron Moelis, CEO and co-founder of L+M Development Partners

"Three years ago, we were faced with difficult development challenges. Thanks to the commitment, hard work, and investment of Citi Community Capital, we are now welcoming families back home to Northpark at Scott Carver."

— Vincent Bennett, COO of McCormack Baron Salazar

"Carlisle's partnership with Citi and Miami-Dade Transit helped provide residents with state-of-the-art affordable housing that reduces impact on the environment. This project will serve as a model for other communities with similar challenges."

— Matthew Greer, CEO of Carlisle Development Group