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CIT Provides $37M Investment for L.A.’s Jordan Downs Redev

May 23, 2020 |

CIT and its Pasadena-based banking subsidiary CIT Bank, N.A., made a $37.3 million investment in the Jordan Downs Apartments Project, a 92-unit multifamily apartment complex, to support low-to-moderate income families in the Watts neighborhood of Los Angeles. Jordan Downs is the third phase of a larger redevelopment project taking place to improve the area.

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