For Immediate Release Citigroup Inc. (NYSE: C)
Citi Ranked #1 U.S. Affordable Housing Lender for the 15th Consecutive Year
NEW YORK — Citi was named the #1 Affordable Housing Lender in the United States by Affordable Housing Finance magazine for 2024.
Citi financed $7 billion in affordable housing in 2024, up from $6.5 billion in 2023. Citi has secured the no.1 position every year since 2010. Citi financed 34,000+ affordable apartments for families, 6,700+ for seniors, 1,700+ for formerly homeless individuals and 350 for veterans. The results of the survey can be found here: AHF Top 25 Lenders
Our leading position in financing affordable housing is a source of tremendous pride at our firm. High-quality and accessible housing is an anchor of any vibrant community and catalyzing its development is great use of our capital. Our partnerships with developers, local governments and non-profit organizations are critical to these efforts and the result of a deep commitment to strengthening communities across the United States."
“Our balance sheet and capabilities are part of the story. The real force multiplier is the dedication of our colleagues combined with longstanding partnerships with our valued clients that, together, have enabled our financing activity,” said Jeremy Johnson, Head of Citi Community Capital.
Citi Community Capital helps affordable housing developers acquire, construct, rehabilitate, and refinance multifamily affordable housing across the country. Read more about our commitment to the communities we serve here: https://www.citicommunitycapital.com
Our affordable housing finance activities are a pillar of Citi's efforts to address housing insecurity including Citi Impact Fund equity investments and the Citi Foundation's 2024 Global Innovation Challenge focused on housing affordability and homelessness solutions.
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Media Contact
Hailee Shanahan hailee.shanahan@citi.com