A $60 Billion Commitment to Enhance U.S. Housing Affordability and Help Create and Preserve 250,000 Units Over Five Years.
The Orion opens with 166 affordable Apartments.
Citi Community Capital (CCC) provides a suite of financial products to help affordable housing developers construct, rehabilitate, refinance, and acquire affordable multifamily housing across the country. Committed to the communities we serve, CCC finances both straightforward and highly structured transactions for non-profit and for-profit affordable housing developers, Community Development Financial Institutions, and state and local government agencies.
Our financings may employ a combination of taxable and tax-exempt loans or bonds; Low Income, Historic or New Markets Tax Credits; and government and private subsidies. CCC can provide capital directly or as an intermediary. We are a construction lender and a permanent lender, a Fannie Mae and Freddie Mac lender, and principal in unique equity investments – all designed to improve neighborhoods, create jobs, or improve the health care services or educational opportunities available to the communities we serve.
Citi offers competitive financing products to help developers with the construction and rehabilitation of affordable multifamily housing. Citi Community Capital offers a "one stop" shop and seamless financing execution for our developer clients. Products include:
As a Fannie DUS lender, Citi provides fixed rate and adjustable rate financing products for the acquisition, refinancing, and moderate rehabilitation of affordable multifamily housing.
As a Freddie Mac Targeted Affordable Housing (TAH) Seller/Servicer, Citi provides fixed rate and adjustable rate financing products for the acquisition, refinancing, and moderate rehabilitation of affordable multifamily housing.
Citi Financed: $305.3 million
Far Rockaway Village is one of New York City’s largest and most ambitious affordable housing redevelopments, led by Phipps Houses, a nonprofit developer and one of the nation’s oldest affordable housing organizations. The project represents a cornerstone investment in the revitalization of Downtown Far Rockaway in Queens.
Far Rockaway Village is a multi-phase, mixed-use redevelopment transforming underutilized land, including vacant parcels, a former shopping center, and surface parking lots, into a vibrant, transit-oriented residential community. The development is designed as a mixed-income community, with apartments targeted across a range of income levels: Units generally serve households earning ~30% to 100% of Area Median Income (AMI). A significant portion of units are reserved for formerly homeless households through NYC programs like Our Space and deep affordability of the units is supported by LIHTC and public subsidies.
Citi Financed: $56.7 million construction loan and $6.98 million Freddie Mac permanent loan
Bailey at Stassney is a newly constructed 104-unit affordable multifamily community in South Austin designed to serve residents with limited incomes, including individuals and veterans experiencing housing instability. Developed by National Community Renaissance (National CORE), the mid-rise community provides long-term affordability through 9% Low-Income Housing Tax Credits (LIHTC) and project-based rental assistance, ensuring housing stability for households earning at or below 30–60% of Area Median Income (AMI). In addition to high-quality residential amenities including a community room, fitness center, learning center, terrace, and on-site laundry, Bailey at Stassney integrates comprehensive supportive services delivered by Hope Through Housing Foundation. Residents have access to case management, health and wellness programs, money management education, and life-skills training, with a special focus on permanent supportive housing for veterans and individuals exiting homelessness. Located near public transit, grocery stores, and community services, the development reinforces Austin’s commitment to inclusive growth and housing equity.
Citi Financed: $25.8 million permanent loan
Hunters View Phase III is the final affordable housing phase of the nationally recognized HOPE SF revitalization of the former Hunters View public housing site in San Francisco’s Bayview–Hunters Point neighborhood. The development delivers 118 new family-sized affordable rental homes across two buildings, including 53 public housing replacement units supported by long-term project-based Section 8 assistance, ensuring residents were able to return without displacement. Homes serve households earning approximately 25%–55% of Area Median Income, with a mix of one- through five-bedroom units designed for multi-generational families. The project is 100% electric, incorporates LEED for Homes Gold–certified sustainability features, and participates in the Living Future Affordable Housing Pilot, emphasizing resilience, energy efficiency, and indoor air quality. Beyond housing, Phase III anchors community investment with a new publicly accessible park, a learning and literacy center, community rooms, a teaching and commercial kitchen, and ground-floor space for local food and retail entrepreneurs. On-site resident services are delivered in partnership with the Bayview Hunters Point YMCA, supporting workforce development, adult education, and youth programming. Together, these elements reconnect the neighborhood to the city fabric while advancing long-term housing stability and community health.
Citi Financed: $77 million construction loan and $49.1 million permanent loan
Designed for residents 62 and older, the community reserves 390 apartments for income-qualified seniors and includes 20 market-rate homes. The development integrates housing and healthcare, featuring a planned 15,500-square-foot on-site medical facility anchored by Miami Jewish Health’s Program of All-Inclusive Care for the Elderly (PACE), providing comprehensive medical and social services for Medicare- and Medicaid-eligible seniors. Residents benefit from a wide range of amenities and services, including fully ADA-accessible apartments, fitness and wellness spaces, community rooms, walking paths, and on-site supportive and educational programming. The project advances long-term sustainability by promoting aging-in-place, transit-accessible location planning, durable materials, and efficient building systems within a master-planned senior campus.