Community Development @ Citi: HIGHLIGHTS

Community Development @ Citi: HIGHLIGHTS

Supporting America’s Veterans
Veterans

Citi is building on its leadership role in support of military personnel and their families, especially regarding hiring.  Citi employs more than 1,500 veterans across our businesses. We have hired about 150 veterans this year and we expect to hire approximately 500 more in the next 12 months. We also offer homeownership preservation, professional development and a range of other programs, products and services for military families.  

 

The Citi Veterans Initiative will be coordinated through Citi Community Development and led by Christopher Page, sergeant in the U.S. Army Reserve and veteran of active duty.  In addition, Chairman Richard D. Parsons, a veteran himself, has been asked by First Lady Michelle Obama and Dr. Jill Biden to serve on the advisory board of Joining Forces, a national initiative that mobilizes all sectors of society to support our service members and their families. Read about the effort in this FINS.com article and this recent new.citi.com blog post from Citi CEO Vikram Pandit.

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Community-Based Health Care Facilities: Laying the Groundwork for Expansion 

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Citi and IFF, a leading Community Development Financial Institution (CDFI) based in Chicago, have forged a new partnership for developing community infrastructure at scale by innovatively combining IFF’s financing and real estate development services. The goal of the Health Centers for Healthy Communities initiative is to leverage at least $75 million in private-sector capital and to develop or expand a minimum of 10 community-based health care clinics across five Midwest states.

 

Citi Community Development is providing a $200,000 contribution to IFF to support the creation of this new model, including the necessary market research, policy analysis and community outreach. 

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The Dodd-Frank Act and You: What you need to know to navigate the world of financial reform

This recent blog post from John Carey, Citi’s Chief Administrative Officer for North America Consumer Banking, highlights some critical elements of the Dodd Frank Act.  In a subsequent post, Carey outlines proposals from the new Consumer Finance Protection Bureau (CFPB) to simplify mortgage forms. Keep watching Citi’s blog, new.citi.com for more useful updates on the CFBP and other finance topics.  

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HuffPost

Do Good by Communicating Well 

In his most recent Huffington Post column, Ben Mangan – President, CEO and Co-Founder of EARN – reflects on the impact of Citi’s strategic communications investment in his organization and offers tips for effective nonprofit communications from Citi Community Development.

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Life-Changing Returns

Communities at Work Fund logo

In this recent blog post from the Calvert Foundation, CEO Lisa Hall connects her her leadership role on the Citi-financed Communities at Work Fund (CAWF) with her recent presence on a White House convening and experiences on a 1999 Presidential Poverty Tour. That visit 12 years ago included an Appalachian factory financed by Kentucky Highlands Investment Corporation (KHIC), which is now a Communities at Work Fund borrower.

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