Citizens commits $1B to affordable housing

RBS Citizens Financial Group has announced a $1 billion commitment to fund affordable housing and community-development projects across its 12-state footprint. More

To continue reading this article, please do one of the following.



banking

Citizens commits $1B to affordable housing

BLOOMBERG FILE PHOTO/KELVIN MA
One of the projects is RBS Citizens’ $10 million Low Income Housing Tax Credit equity investment in Red Stone - 2013 National Fund LP, to be used by M&J Development Co. to construct North Cove Landing, 38 garden-style units in North Kingstown.
Posted 10/8/13

PROVIDENCE – RBS Citizens Financial Group has announced a $1 billion commitment to fund affordable housing and community-development projects across its 12-state footprint.

One of the projects is RBS Citizens’ $10 million Low Income Housing Tax Credit equity investment in Red Stone - 2013 National Fund LP, to be used by M&J Development Co. to construct North Cove Landing, 38 garden-style units in North Kingstown.

“Our focus on supporting the communities we serve has never been more central to our work as a

bank and we’re proud to express our continuing long-term commitment to community development

with this $1 billion initiative over the next five years,” said Robert Matthews, vice chairman of

commercial banking for RBS Citizens Financial Group.

“We are excited for this work to begin and have already established the necessary foundation with the creation of our Community Development Division, which is now identifying opportunities to make a difference in the communities where we live and work,” said Matthews.

Calendar
PBN Hosted
Events

Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement