At Citi, our strong and continuing commitment to making communities better is taken very seriously at all levels - from the many thousands of employees who regularly volunteer to the ongoing, personal efforts of Vikram Pandit, our CEO.
Vikram and his senior team are visiting cities across the United States to participate in roundtable discussions and one-on-one meetings with community partners and other key local stakeholders.
In the last few months alone, Vikram traveled more than 32,000 miles to meet with Citi's community partners and their clients around the country, to talk about our commitment to responsible finance and to better understand how we can help.
Here's what Citi is doing around the country.
In Chicago, Vikram visited the Hermitage Manor affordable housing cooperative, which Citi Community Capital funded through the non-profit, Chicago-based mortgage lender Community Investment Corporation (CIC). Vikram announced that Citi has more than doubled its financial commitment to CIC's lending investment pool – from $24 million to $50 million through December 2015.
Click below to see what else Citi is doing in:
Find out more about Citi's efforts to make communities better and to fuel economic recovery.
- During the third quarter, Citi worked to help keep approximately 9 out of 10 distressed borrowers with mortgages we own or service in their homes.
- Citi provided over $4.5 billion of new and renewed credit to small and mid-sized businesses in 2009.
- In 2004, Citi made a $200 million, 10-year commitment to financial education. Now – only six years later – we are nearly 90% of the way to our goal.
- In 2009, CitiMortgage originated and purchased approximately $312.9 billion in affordable mortgages, exceeding our $200 billion commitment goal.
- In the aftermath of the devastating earthquake in Haiti, Citi's ThankYou Network enabled its members to use their rewards points to donate money to the American Red Cross International Response Fund, which directly aids relief efforts in Haiti. As of February 4, ThankYou members have donated more than $300,000 by using their ThankYou Points.
A heartfelt thanks to our partners.
Click on a state below to see a list of non-profit organizations that we partner with to make communities stronger.
Our commitment to you.
We will engage in responsible finance and be part of the country's economic recovery.
We will finance affordable housing and programs that help relieve mortgage and consumer debt.
We will continue to engage with low - and moderate-income communities to better understand how we can serve and support their needs.
