{"id":75978,"date":"2020-05-20T11:00:00","date_gmt":"2020-05-20T15:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-cit-provides-37-3-million-investment-for-jordan-downs-apartment-project\/"},"modified":"2020-05-20T11:03:48","modified_gmt":"2020-05-20T15:03:48","slug":"cit-aporta-una-inversion-de-37-3-millones-para-el-proyecto-de-apartamentos-jordan-downs","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/cit-aporta-una-inversion-de-37-3-millones-para-el-proyecto-de-apartamentos-jordan-downs\/","title":{"rendered":"CIT Provides $37.3 Million Investment for Jordan Downs Apartment Project"},"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\">May 20, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2808505-1&amp;h=3867659171&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 CIT Bank, N.A. today announced a <span class=\"xn-money\">$37.3 million<\/span> investment in the Jordan Downs Apartments Project, a 92-unit multifamily apartment complex to support low-to-moderate income families in the Watts neighborhood of <span class=\"xn-location\">Los Angeles<\/span>. <\/p>\n<div id=\"prni_dvprnejpg1b51left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg1b51left\" title=\" \" border=\"0\" alt=\" \" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/784850\/CIT_Logo.jpg\"\/><\/div>\n<p>&#8220;During these challenging times, our communities need affordable housing more than ever,&#8221; said <span class=\"xn-person\">Steve Solk<\/span>, president of Consumer Banking. &#8220;Our financial commitment to the Jordan Downs Apartment Project will help break down barriers and spark transformative change across the Watts neighborhood.&#8221; \u00a0\u00a0<\/p>\n<p><span class=\"xn-person\">Jordan Downs<\/span> is the third phase of a larger redevelopment project taking place to improve the area. Of the 92 units, the complex will include 23 one\u2010bedroom units, 41 two\u2010bedroom units, 24 three\u2010bedroom units and 4 four\u2010bedroom units. Seventeen apartments will be designated for residents with physical disabilities and hearing or visual impairments. \u00a0<\/p>\n<p>&#8220;Providing essential housing that is inclusive and suits diverse needs enables local residents from all backgrounds to improve their quality of life,&#8221; continued Solk. &#8220;CIT is proud to play a key role in supporting the development of this project and the overall wellbeing of local residents.&#8221;<\/p>\n<p>The project is currently slated for completion in early 2022 and units will be available to households earning between 30% and 80% of the area&#8217;s median income. CIT anticipates making further investments in the Watts community later this year, including the possibility of opening a new branch in the area.\u00a0 <\/p>\n<p>As part of the ongoing commitment to building stronger, more vibrant communities, CIT actively supports and invests in affordable housing, economic development, neighborhood stabilization and core community services across our footprint. <\/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=2808505-1&amp;h=4227513407&amp;u=https%3A%2F%2Fcit.com%2Fabout%2F&amp;a=cit.com%2Fabout\" rel=\"nofollow\">cit.com\/about<\/a>.<\/p>\n<p><b><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2808505-1&amp;h=2974302999&amp;u=https%3A%2F%2Fcit.com%2Fabout%2Fnews%2F&amp;a=MEDIA+RELATIONS%3A\" rel=\"nofollow\">MEDIA RELATIONS:<\/a><br \/><\/b>Olivia Weiss\u00a0\u00a0<br \/>212-771-9657\u00a0<br \/><a target=\"_blank\" href=\"mailto:Olivia.Weiss@cit.com\" rel=\"nofollow\">Olivia.Weiss@cit.com<\/a><\/p>\n<p>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2808505-1&amp;h=149133134&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\">May 20, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2808505-1&amp;h=3867659171&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 CIT Bank, N.A. today announced a <span class=\"xn-money\">$37.3 million<\/span> investment in the Jordan Downs Apartments Project, a 92-unit multifamily apartment complex to support&#8230;<\/p>\n","protected":false},"author":1,"featured_media":75979,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-75978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/75978","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=75978"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/75978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/75979"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=75978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=75978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=75978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}