Results tagged as
"citi community development"
By Pat Edwards, Citi Community Development, Jill Kelly, Citi Community Development and Florencia Spangaro, Citi Foundation November 14, 2012 12:30 PM
From November 10-12, more than 470 Citi employees, friends and family members fanned out across the greater New York region to support the massive disaster relief operation being led by the American Red Cross, which is mobilizing 7,000 volunteers to assist more than 246,000 families impacted by Hurricane Sandy. Citi volunteers answered the call to service, and performed a variety of tasks to support the relief effort.
Reporting to central gathering locations in Queens, Brooklyn, Staten Island, Manhattan and on Long Island, volunteers were then divided into teams and transported to impacted communities or to warehouses to help manage the flow of relief supplies.
By Suni Harford, Citi Regional Head of Markets, North America and Bob Annibale, Global Director, Citi Community Development and Microfinance November 13, 2012 05:00 PM
Through our Citi Salutes™ initiative, Citi is proud to support the men and women who have served our country, on Veterans Day and every day.
Our community development-based approach is rooted in making sure veterans and military families have access to employment as well as financial products and services that suit their unique needs, and that they can use to build the skills they need to achieve their personal and professional ambitions. One of the ways in which we accomplish this is through partnerships with veterans service organizations, and this year we have also provided resources and access to expertise that can address a range of challenges that veterans often face.
By Bob Annibale, Global Director, Citi Community Development and Microfinance November 09, 2012 03:45 PM
Because of the large geographic impact of Hurricane Sandy, many communities have been affected in very different ways and are now confronting a range of challenges based on the storm's impact. Frontline community-based organizations are critical to the social and economic health of many of these severely affected neighborhoods.
Our support for these organizations, many of which have been working in these communities for decades, will help ensure the right resources and assistance are quickly directed to those most in need.
Today, Citi Community Development announced $500,000 in emergency funding to five community organizations -- Asian Americans for Equality (AAFE) in Manhattan; Long Island Housing Partnership; Margert Community Corporation in the Rockaways, Queens; Neighborhood Housing Services of Staten Island; and Ironbound Community Corporation in Newark, New Jersey -- to expand their relief efforts in neighborhoods across the region that are struggling in the aftermath of Hurricane Sandy.
By Jenny Flores, Northern California Regional Director, Citi Community Development November 06, 2012 02:00 PM
A new documentary film "A Foot in the Door" tells the story of the nation's first universal college savings program, San Francisco's Kindergarten to College, through the personal experiences of participating students and parents.
The film was co-produced by Citi Community Development, San Francisco Office of Financial Empowerment, and the Corporation for Enterprise Development (CFED), to tell the story of this unique program. Kindergarten to College was launched by the City and County of San Francisco in 2010, and is now providing college savings accounts to every kindergarten student entering public school.
Last week, I was thrilled to attend the premier of "A Foot in the Door" at the Brava Theater in San Francisco along with the award-winning filmmakers at GroundSpark and Citizen Film, several of the families featured in the film, and local officials.
By Bob Annibale, Global Director, Citi Community Development and Microfinance and Maggie McCullough, President, PolicyMap October 17, 2012 02:30 PM
Public policy decisions that impact the communities we serve are not always made with the benefit of accurate, targeted data. The irregular borders of Congressional districts force policy practitioners to cull data from a range of sources across overlapping geographies to produce an inherently incomplete picture of economic, employment, financial, educational and housing conditions at the district level.
Policymakers and community groups alike need more granular and more accurate data in order to understand the similarities and disparities between districts and make recommendations that will impact their constituents' lives.
That's why Citi Community Development and PolicyMap have worked together to create a new interactive, web-based tool - My District Data - that forges a critical link between federal decisions and local accountability. My District Data aggregates data from 10 sources in one easy-to-use platform that presents a clear and reliable state-of-the-district analysis, and users can compare district-level statistics against national benchmarks.
By Bob Annibale, Global Director, Citi Community Development and Microfinance October 05, 2012 02:00 PMSheldon Caplis, Citi Community Development Regional Director, accepts the Migration Policy Institute E Pluribis Unim Corporate Leadership Award from Brad Davidson of the J.M. Kaplan Fund, which underwrites the program
According to a U.S. Census Bureau report published last week, U.S. real median household income declined between 2011 and 2010 by 1.5% to $50,054 - 8.9% below its peak in 1999. For non-citizen households, median household income is even lower at $37,894. In contrast, median income of naturalized citizen households is $51,926 - 37% higher than non-citizen households and 3.7% higher than the national median income. Numbers and trends don't tell the whole story, but the magnitude of the difference indicates that citizenship is a valuable economic asset and that naturalization leads to opportunities for higher income and achieving other household goals.
Citi is joining a number of great community partners to empower our nation's aspiring citizens to realize the goal of naturalization and access the economic opportunities associated with citizenship. In the U.S., the application cost of naturalization is $680 (and much higher for those who also pay intermediaries to assist), which is unfortunately beyond the means of many eligible applicants. To overcome this financial obstacle, Citi is supporting important pilot programs that provide microloans, along with legal and application assistance, to help pay for naturalization while enabling borrowers to build credit and increase their access to financial services. In doing so, we are assisting our newest citizens in not only building their national identities, but also their financial identities.
By Natalie Abatemarco, Managing Director, Citi Community Development September 25, 2012 09:00 AM
I recently had the opportunity to join a coalition of committed public, private and nonprofit sector leaders at the 2012 Veteran Access to Housing Summit, where we shared ideas about how to end veteran homelessness. Hosted by the National Coalition for Homeless Veterans (NCHV), this gathering was supported by Citi as a joint effort of our Citi Salutes initiative and Citi Community Development.
Safe, sustainable and affordable housing is one of the many challenges facing those who have served our nation - whether they returned home decades ago or in recent months as a result of the continued drawdown of troops. Statistics drawn from NCHV reports paint a stark picture:
- Nearly one in seven homeless adults is a veteran.
- About 145,000 veterans experience homelessness at some point during the year, and approximately 1.5 million veterans are at risk of homelessness.
- There is a critical need for 90,000 units of permanent housing for homeless and low-income veterans.
By Natalie Abatemarco, Managing Director, National Initiatives, Citi Community Development August 06, 2012 01:30 PM
I recently had the privilege of attending the National Urban League's annual conference in New Orleans. The National Urban League and Citi have a long-standing, multi-pronged relationship, and collaborate on numerous community programs through both Citi Community Development and Citi Foundation. This year's conference was particularly special as it opened with a speech from President Obama. In his address to the conference attendees, the President reiterated that "Good jobs, quality schools... affordable housing -- these are all the pillars upon which communities are built." They are also important stepping stones for families to build long-term assets, such as earning college degrees, saving for retirement, or buying a home. However, with the Pew Institute's report revealing the country's record wealth gap in communities of color, the President challenged attendees to be creative and urgent in making these asset building opportunities accessible to everyone. But how?
By Natalie Abatemarco, Managing Director, Citi Community Development July 11, 2012 12:30 PM
The NCLR Lead the Way conference, which several of my Citi colleagues and I attended this week, is a great opportunity to meet friends and colleagues and discuss issues that are important to our nation's economically vulnerable families and communities. On Monday, I was privileged to participate in "Don't Quit the Dream: A Vision for Homeownership Beyond 2012," a town hall along with leaders from the government and nonprofit sectors. Like Citi, each of them is committed to achieving long-term affordable homeownership, particularly for low- and moderate-income families.
Largely due to the leadership and ingenuity of many of the panelists, conference attendees and other leaders like them, distressed homeowners and communities across the country are benefitting from innovative programs and assistance. These programs directly address the economic realities and hardships facing people today.
By Sandy Fernandez, Senior Vice President, Citi Community Development July 09, 2012 12:30 PM
A recent Citi survey revealed that just 41 percent of people making less than $50,000 a year are saving on a regular basis. Only a quarter of them say they have savings goals or feel they are saving enough. Also, the Federal Reserve Board's Survey of Consumer Finances for 2010 shows that the median net worth of Americans fell 39 percent, from $126,400 in 2007 to $77,300 in 2010. This represents a whopping loss of wealth and financial security for all Americans, and the data is even more daunting for low-income and minority communities.
Over the last year, as one part of Citi Community Development's strategy to drive our company's financial inclusion commitment, we have been working with a coalition of the nation's leading civil rights, policy, and community development organizations to address these stark statistics by focusing on long-term savings opportunities.