NEW YORK--(BUSINESS WIRE)--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. The full “Top 25 Affordable Housing Lenders of 2013” survey can be found at http://mydigimag.rrd.com/publication/frame.php?i=199182&p=&pn=&ver=flex.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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