Citi targets national housing crisis with $60B in commitments and $50M in grants from Citi Foundation

Citi has unveiled a sweeping $60 billion, five-year “Blueprint for Housing Opportunity” to address America’s housing ongoing crunch, aiming to create or preserve 250,000 affordable units nationwide. Alongside the financing push, Citi Foundation is committing $50 million in grants to nonprofits, including a $1 million award to Center for Affordable Housing Lending to launch a housing research and fellowship program. The effort blends lending, philanthropy, and advocacy for tax credits into a coordinated, multi-sector strategy to boost supply and strengthen long-term housing affordability.