Richard Gerwitz

Biografía: Richard Gerwitz Managing Director 213.486.7138 [email protected] Richard Gerwitz is Co-Head of Citi Community Capital, the community development lending and investing division of Citi, with over 30-years of experience in the tax-exempt securities and real estate markets. He began his career with Merrill Lynch in 1978 as a municipal securities analyst, subsequently moving into the investment banking division. In 1984 Mr. Gerwitz was retained to help start the municipal securities division at Security Pacific National Bank where part of his focus was financing affordable rental housing projects using tax-exempt bonds. In 1992 Mr. Gerwitz left the bank and negotiated the formation, and became president of a real estate limited partnership whose partners were the Ford Motor Company and the Federal Deposit Insurance Corporation. The partnership was funded with more than $1 billion in performing and non-performing real estate assets designated for liquidation. He returned to the tax-exempt bond investment banking industry in the late 1990s when he joined Citi Community Capital, formerly known as Newman & Associates, focusing exclusively on the financing of affordable multifamily rental housing. In Richard’s role as Co-Head of Citi Community Capital he directs the activities of the unit’s affordable rental housing lending, mortgage and investment banking team, as well as its involvement with Low Income Housing Tax Credits (LIHTC), New Market Tax Credits (NMTC) and other Community Reinvestment Act lending and investment activities. He is a frequent speaker at industry events, serves as the chairman of the Santa Monica Housing Commission, and is a member of the advisory boards of the Journal of Tax Credits, the New York State Association for Affordable Housing (NYSAFAH), the New York Housing Conference (NYHC), the California Housing Consortium (CHC), and New York’s Citizens Housing and Planning Council (CHPC). Mr. Gerwitz received his B.A. from the State University of New York at Buffalo and a Masters in Urban Planning from New York University.