Citigroup (or “Citi”) is the 3rd largest bank in the United States, with almost $2 trillion in total assets. Citi has over 200,000 employees, working in two divisions: Citicorp, which focuses on leveraging the competitive advantages of the company’s global universal bank in more than 100 countries and Citi Holdings, which includes brokerage and retail asset management, local consumer finance and a special asset pool.
Citicorp has its Global Institutional Bank and Retail Bank. Citibank is the consumer division of financial services multinational Citigroup. Citibank has 2,649 branches in 19 countries, including 723 branches in the United States.
Citibank is the largest affordable housing lender in the country, with Citi Community Capital (CCC, a division within Citibank) providing a suite of financial products to help affordable housing developers construct, rehabilitate, refinance, and acquire affordable multifamily housing across the country. CCC lends and invests in excess of $3 billion per year throughout the United States, with a primary focus on financing affordable multifamily rental housing developments.
Citi helped finance the first permanent supportive housing development in Fullerton, a community in Orange County, California. The project, called Fullerton Heights, is a 36-unit LEED Platinum-certified permanent supportive housing development by Los Angeles-based nonprofit developer, A Community of Friends. The project opened in 2018 and was awarded SCANPH’s Beyond LA Development of the Year Award (Video Link).