City First Bank of DC

Seeing the possibilities in highly distressed areas of Washington, DC.

About City First Bank of DC

The mission of City First Bank of DC is to meet the financial services needs of low- and moderate-income communities in the District of Columbia and adjacent suburbs. Established in 1998 with significant support from the Federal government, the District of Columbia, and mission-oriented investors, this commercial bank with a community development charter focuses on low- and moderate-income communities with poverty levels at 80% or less of area median income. In the past five years the Bank provided $241 million in loans for small companies and nonprofit organizations for affordable housing development, charter schools, small businesses, and working capital for nonprofit organizations. The Bank also raised and deployed $270 million in New Markets Tax Credit financing for projects in low-income communities.

Visit this bank online.