City First Bank Annual Report Shows Growing Impact

City First Bank of DC
Wednesday, June 25, 2014

City First Bank of D.C. has released their 2013 annual report, marking a year of growth that featured a record $66 million in new loans and the completion of four New Markets Tax Credit projects that deployed $61 million in reinvestment. Among the borrowers City First has helped is Washington Latin Public Charter School. Since 2006, Washington Latin had been giving elementary and high school children top-notch educations -- but operated out of three rented sites. Thanks to financing from City First Bank and assistance from the New Markets Tax Credit Program, Washington Latin has rehabilitated an aging school building which had been in disuse since 2008. The new campus contains a renovated school building, library, gymnasium and two large playing fields.