{"id":75719,"date":"2020-04-29T11:00:00","date_gmt":"2020-04-29T15:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-cit-provides-investment-to-the-local-initiatives-support-corporation-of-san-diego\/"},"modified":"2020-04-29T11:03:41","modified_gmt":"2020-04-29T15:03:41","slug":"cit-proporciona-fondos-a-la-local-initiatives-support-corporation-of-san-diego","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/cit-proporciona-fondos-a-la-local-initiatives-support-corporation-of-san-diego\/","title":{"rendered":"CIT Provides Investment to the Local Initiatives Support Corporation of San Diego"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">PASADENA, California<\/span>, <span class=\"xn-chron\">April 29, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/\u00a0&#8212; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2787276-1&amp;h=1635343678&amp;u=https%3A%2F%2Fwww.cit.com%2Findex.aspx&amp;a=CIT\" rel=\"nofollow\">CIT<\/a>\u00a0and its <span class=\"xn-location\">Pasadena<\/span>-based banking subsidiary today announced a <span class=\"xn-money\">$3 million<\/span> investment in support of the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2787276-1&amp;h=2450309194&amp;u=https%3A%2F%2Fwww.lisc.org%2F&amp;a=Local+Initiatives+Support+Corporation+of+San+Diego\" rel=\"nofollow\">Local Initiatives Support Corporation of <span class=\"xn-location\">San Diego<\/span><\/a>\u00a0(LISC)&#8217;s Neighborhood Catalyst Fund. CIT&#8217;s investment is expected to help create 1,350 affordable housing units for low-to-moderate income residents of <span class=\"xn-location\">San Diego County<\/span>. <\/p>\n<div id=\"prni_dvprnejpg5cdfleft\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg5cdfleft\" title=\" \" style=\"HEIGHT: 94px; WIDTH: 144px\" border=\"0\" alt=\" \" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/784850\/CIT_Logo.jpg\"\/><\/div>\n<p>&#8220;Building stronger, more equitable communities across <span class=\"xn-location\">San Diego<\/span> is our priority, especially during this unprecedented time when many local residents need our support,&#8221; said <span class=\"xn-person\">Steve Solk<\/span>, president of Consumer Banking for CIT. &#8220;Through this effort, we&#8217;re empowering local residents to achieve economic prosperity and a better quality of life.&#8221;\u00a0 <\/p>\n<p>&#8220;LISC is grateful for CIT&#8217;s partnership as we work to drive transformative change across the region and serve neighborhoods of opportunity,&#8221; said <span class=\"xn-person\">Ricardo Flores<\/span>, executive director for LISC San Diego. &#8220;This investment enables us to support and revitalize communities, broaden access to resources and improve the quality of life for thousands across <span class=\"xn-location\">Southern California<\/span>.&#8221;\u00a0 \u00a0<\/p>\n<p>CIT&#8217;s support of the Neighborhood Catalyst Fund will result in multiple multi-family rental housing and mixed-use projects across <span class=\"xn-location\">San Diego County<\/span> over the next decade Currently, the LISC San Diego Neighborhood Catalyst Fund has closed on its first loan of <span class=\"xn-money\">$5.5 million<\/span> for a new 114-unit affordable housing project in City Heights, <span class=\"xn-location\">San Diego<\/span> that is expected to open by 2023.<\/p>\n<p>CIT actively supports and invests in a\u00adffordable housing, economic development, neighborhood stabilization and core community services across its <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2787276-1&amp;h=2824634159&amp;u=https%3A%2F%2Fwww.onewestbank.com%2F&amp;a=OneWest+Bank\" rel=\"nofollow\">OneWest Bank<\/a>\u00a0and <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2787276-1&amp;h=1692594031&amp;u=https%3A%2F%2Fwww.mutualofomahabank.com%2F&amp;a=CIT+Bank\" rel=\"nofollow\">CIT Bank<\/a>\u00a0(formerly Mutual of Omaha Bank) branch banking footprint. Since 2016, CIT has invested more than <span class=\"xn-money\">$5 billion<\/span> to advance a\u00adffordable housing, economic development, education and access to credit for small businesses in <span class=\"xn-location\">Southern California<\/span>.<\/p>\n<p><b>About CIT <br \/><\/b>CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company&#8217;s commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT&#8217;s consumer banking segment includes a national direct bank and regional branch network. Discover more at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2787276-1&amp;h=2080647842&amp;u=https%3A%2F%2Fcit.com%2Fabout%2F&amp;a=cit.com%2Fabout\" rel=\"nofollow\">cit.com\/about<\/a>.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2787276-1&amp;h=917951882&amp;u=https%3A%2F%2Fcit.com%2Fabout%2Fnews%2F&amp;a=MEDIA+RELATIONS%3A\" rel=\"nofollow\"><b>MEDIA RELATIONS:<\/b><\/a><br \/><span class=\"xn-person\">Olivia Weiss<\/span><br \/>212-771-9657\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/><a target=\"_blank\" href=\"mailto:Olivia.Weiss@cit.com\" rel=\"nofollow\">Olivia.Weiss@cit.com<\/a>\u00a0<\/p>\n<p>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2787276-1&amp;h=2401042899&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F784850%2FCIT_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F784850%2FCIT_Logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/784850\/CIT_Logo.jpg<\/a> <\/p>\n<p>SOURCE  CIT Group Inc.<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">PASADENA, California<\/span>, <span class=\"xn-chron\">April 29, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/\u00a0&#8212; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2787276-1&amp;h=1635343678&amp;u=https%3A%2F%2Fwww.cit.com%2Findex.aspx&amp;a=CIT\" rel=\"nofollow noopener noreferrer\">CIT<\/a>\u00a0and its <span class=\"xn-location\">Pasadena<\/span>-based banking subsidiary today announced a <span class=\"xn-money\">$3 million<\/span> investment in support of the &lt;a target=&quot;_blank&quot;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":75720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-75719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interes-humano"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/75719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=75719"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/75719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/75720"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=75719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=75719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=75719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}