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Housing

Our Housing Impact

Investing in Humanity

The word “home” evokes thoughts of safety, warmth, security and love. But for many, owning a home is a dream that may not come true.

For working families, youth, seniors, veterans -- some of the most valued yet vulnerable members of our community -- access to affordable housing is challenging.

That is why City National has made it part of our mission to partner with organizations that help make housing dreams come true. When everyone has access to reliable shelter, it makes our communities stronger.

Community Partners

Our community partners are at the forefront of addressing the housing crisis.
The following are just a few of the organizations and initiatives City National has supported
and continues to collaborate with on this important issue.

Habitat for Humanity

Our wide-ranging and impactful work with Habitat for Humanity dates back to 1999. Presently, City National supports this community partnership in seven states and 13 Community Reinvestment grant assessment areas.

Habitat is a premier affordable housing provider. City National has been a staunch supporter of Habitat and its initiatives because it provides families a path to homeownership.

City National has purchased low- to moderate-income loans from San Diego Habitat for Humanity and has invested a total of $9 million since 2016. In addition, we successfully submitted applications to the Federal Home Loan Bank of San Francisco’s affordable housing program for both Habitat Greater San Francisco and Habitat of Greater Los Angeles.

City National also has a $2 million note out to Habitat for Humanity East Bay/Silicon Valley for lenders’ mortgage insurance (LMI) mortgages.

Since 1999, City National and Habitat have partnered in the submission of nine successful owner-occupied projects for the Federal Home Loan Bank of San Francisco’s Affordable Housing Program, assisting 112 first-time homebuyers.

Linda Duncombe, executive vice president of City National Bank and Chief Marketing, Product & Digital Officer, is a member of Habitat LA’s Board of Directors and serves on the Los Angeles Builders Ball host committee — Habitat LA’s largest signature event. In 2021, she also led a successful virtual Women and Power Tools event for the organization.

The work we do with Habitat genuinely touches the lives of many in our communities and it is deeply personal to our colleagues. We were the presenting sponsor for Veterans Day Builds events in Los Angeles and San Diego in November 2021.

In Los Angeles, colleagues representing the Veterans and Military Network colleague resource group repaired the home of a 97-year-old WWII veteran who has lived in his Pico Rivera, California home for more than 60 years. In San Diego, colleagues also worked on the home of two U.S. Navy veterans. 

Neighborhood Housing Services

For more than two decades, City National has partnered with Neighborhood Housing Services of Los Angeles County (NHSLA). Sal Mendoza, senior vice president at City National Bank, has been the chairperson of its board for 11 years.

As one of the largest nonprofit affordable housing and community-based developers in Southern California, NHSLA’s mission is to serve as a catalyst for local residents, businesses and government representatives to build stronger neighborhoods. It works to improve the quality of life for low- to moderate-income families and revitalize communities into neighborhoods of choice.

City National provided a
$100,000
CRA grant to support NHSLA's Financial Education
& Housing Counseling Program.

NHSLA’s program informs and mobilizes the organization’s clients to become financially empowered and progress along the path to homeownership. NHSLA estimates that 10,500 individuals will be assisted through City National’s support. 

Dating back nearly two decades, City National has been a key supporter of the Western Center on Law & Poverty.

Corinna Cherian, senior vice president and deputy general counsel at City National Bank, has been instrumental in this initiative as a board member since 2019.

Her involvement has helped this organization fight for justice and systemic change by helping low-income individuals access housing and healthcare. 

HAND & Neighborhood Housing Services

City National has provided Community Reinvestment grants to two nonprofit organizations in Nevada.

  • Nevada HAND is the state’s largest 501(c)(3) nonprofit developer, builder and manager of affordable rental homes for seniors and working families.
  • Neighborhood Housing Services of Southern Nevada Inc. (NHSSN) has dedicated itself to all things housing for the past 26 years.

With grants totaling $15,000, City National’s contributions will directly affect these organizations’ abilities to fulfill their missions. 

Since 2016, we've submitted five successful Federal Home Loan Bank Affordable Housing Program grant applications for Nevada HAND, totaling
$4.6M.

Our Impact

City National Bank might do the same things other banks do, but the way we do them is different. Since our founding in 1954, our commitment to people and relationships has remained the starting point for everything we do.
We invite you to see some of the other ways we support our community and world.

Educational Impact

When it comes to learning, we believe it’s important to be a student for life to stay relevant in our ever-changing world. 

LEARN MORE
Food Sustainability Impact

As our population increases, so does the demand for food. It has never been more crucial to produce food as sustainably as possible. 

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Environmental Impact

On a global and hyperlocal scale, perhaps nothing has a greater potential impact on people’s lives than the health of our planet.

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Non-Deposit Investment Products: • Are Not FDIC Insured • Are Not Bank Guaranteed • May Lose Value