Citi tops Affordable Housing Finance Magazine's Top Affordable Housing Lenders for second consecutive year

February 17, 2012 9:00 AM

Earlier this week, Citi earned the top position in Affordable Housing Finance's sixth annual ranking of affordable housing lenders. According to the survey, Citi Community Capital's volume for 2011 totaled $2.16 billion. This marks the second consecutive year and the fifth time in six years that Citi has claimed the top spot.

"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."

"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.

The full "Top 10 Affordable Housing Lenders of 2010" survey can be found on their website.