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
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.