City First Bank of D.C. Releases 2015 Annual Report
City First Bank of D.C. has released its 2015 annual report, documenting a year of impact in underserved areas of the nation’s capital. In 2015, City First made $27 million in new loans and deployed $26 million in New Markets Tax Credit equity. The Atlas Performing Arts Center, now celebrating its 10th anniversary, was one organization that benefited from City First’s support. When Jane Lang set out to raise the $24 million it would take to repair the dilapidated theater, most traditional banks warned her against investing in such a distressed neighborhood. “City First came in at an early point, but at a prudent point, where it looked like things were going to come together to create a vibrant community. They were the critical element at a critical moment,” Lang says. Today, that neighborhood is among the city’s cultural hotspots.