March 1, 2018

,

CIT Partners with the Los Angeles Housing and Community Investment Department to Support Affordable Housing

CIT Partners with the Los Angeles Housing and Community Investment Department to Support Affordable Housing
Share This

CIT's Steve Solk, Aaron Wade, HCIDLA general manager Rushmore Cervantes, L.A.'s deputy mayor for economic opportunity Brenda Shockley, and CIT’s Byron Reed.

CIT recently announced a partnership with the Los Angeles Housing and Community Investment Department (HCIDLA) to support first-time, low- and moderate-income families in their efforts to secure permanent single family housing in the city of Los Angeles. CIT is one of the first bank partners to provide direct down payment assistance for homebuyers in Los Angeles.

This commitment of $400,000 will provide approximately 27 Los Angeles-based families with home purchase support in the form of down payment assistance, closing costs and acquisition financing. CIT is committed to meeting the banking and credit needs of the local Southern California community. CIT’s banking subsidiary is based in Pasadena, CA and includes the OneWest Bank Southern California branch network.

“CIT is pleased to partner with the city of L.A. to enable residents the opportunity to secure affordable housing and achieve their dreams of homeownership,” said Steve Solk, president of Consumer Banking for CIT.

Congratulations CIT Group, Inc.!