-Citi announced today that it earned the top position in Affordable Housing Finance’s sixth annual ranking of affordable housing lenders for the second consecutive year. According to the survey, Citi Community Capital’s volume for 2011 totaled $2.16 billion. This marks the fifth time in six years that Citi has claimed the top spot.
“Our community development business has taken an increasingly aggressive approach towards low- and moderate-income financing and we will continue to expand our product offerings as demand continues to grow,” said Steven Fayne, Managing Director at Citi Community Capital.“Our commitment to responsible finance and supporting communities where we live and work are a cornerstone of our mission as a bank,” said Vikram Pandit, Chief Executive Officer of Citigroup. “We are extremely proud of our affordable housing financing achievements, and will continue in our support of the preservation and revitalization of our neighborhoods across the nation.”
Affordable Housing Finance magazine is published by Washington, D.C.-based Hanley Wood, LLC. For more than 18 years, Affordable Housing Finance has served the low-income housing industry with unbiased, hard-hitting editorial focused on financing options, development strategies, and management techniques. It is the only national publication that reaches 11,000 owners, developers, managers, and lenders involved in the production and preservation of affordable housing.
