Our Impact In Low Wealth Communities

As a dedicated community development bank, City First specializes in making the difficult loans that others cannot or will not make.  City First borrowers, often small investors or emerging business operators, frequently tell us they were turned down by as many as ten other banks before coming to City First.  Our lending team is unsurpassed at finding creative ways to extend credit, generate capital to start or expand a business, or deliver needed goods and services in low-wealth communities. 

About 80% of the City First loan portfolio, which last year grew by over 15% to $123 million, is comprised of real estate and business loans for projects and businesses located in low- to moderate-income communities, primarily in the DC neighborhoods east of 16th Street and in Wards 5, 7 and 8.  In 2011, City First experienced a tremendous burst in loan volume, originating $47.2 million in new loans as compared to $18 million in 2010.  In 2011, our last full year of data, 71% of those loans went to work in low- to moderate-income census tracts, 80% fulfilled our community development mission, and 70% of small business loans went to companies with annual sales of less than $1 million.

As important as those statistics are, we also measure performance by impact:  How did loans originated by City First help the low-income communities we serve?  In 2011, City First financed 362 units of affordable housing. Our loans helped small businesses stay in business, creating or retaining 300 jobs.  And finally, our loans converted 157,844 vacant and unused square feet into useful and productive places to live and work.  Since 1999, City First financing has been responsible for building or preserving 4,780 units of affordable housing and retaining or creating 2,863 jobs.  Use the links below to examine the cumulative impact of our work over the past decade. 

Click here for the Loan Map

Click here for the Interactive Loan Location Map

Click here for the Affordable Housing units financed over the last 12 years.

Click here for the number of Jobs Created or Retained over the last 12 years

Click here to read some of our Success Stories.

Security Notice for Windows XP Users

As you may already know, on April 8, 2014 Microsoft will stop issuing security updates to Windows XP. This means that after April 8, 2014 there will be a substantial security risk to anyone using this operating system, since security vulnerabilities will no longer be patched. If you are currently using Windows XP please take note of this. Although this will not cause an interruption to any of the service we provide our customers, continued use of a computer utilizing Windows XP could place your devices and the information on them at serious risk. We encourage you to learn more about this upcoming cessation of service by Microsoft and to become informed on what you will need to do to secure your information.

To learn more we suggest you visit:Microsoft XP Support Ends at http://www.microsoft.com/en-us/windows/enterprise/end-of-support.aspx

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