In February, Citi announced its Blueprint for Housing Opportunity initiative — a $60 billion five-year housing affordability commitment dedicated to increasing the supply of housing through the creation and preservation of at least 250,000 units across the U.S. In addition, the Citi Foundation will deploy $50 million in philanthropic grants to non-profits addressing housing challenges and supporting the financial health of residents in their communities, starting with a $1 million grant to support the Center for Affordable Housing Lending. “Housing affordability is one of the defining economic challenges of our time, and increasing supply is essential to addressing it,” said Jane Fraser, chair of the board and chief executive officer of Citi. “By expanding the amount of financing we provide for affordable housing, we open possibilities for prosperity, helping more Americans secure housing they can truly afford. When people spend less on housing, they have more to invest in their families and futures.” As the No. 1 affordable housing lender in the U.S. for 15 consecutive years according to Affordable Housing Finance magazine, Citi recognizes that housing is a foundational element of economic well-being and community stability. Citi Community Capital (CCC), which is responsible for the vast majority of Citi’s activity in this space, financed more than $32 billion in affordable multifamily housing lending over the past five years. This includes $7.6 billion in 2025, which helped create and preserve over 35,000 units across more than 30 states. Together, Citi and the Citi Foundation are committing to: • Finance $60 billion in capital over five years for the acquisition, construction, rehabilitation and permanent long-term financing of a broad range of affordable housing types, including homes for essential workers, developments with supportive services and lower‑cost rental options in expensive markets. • Deploy $50 million in Citi Foundation philanthropic grants to non-profits addressing local housing challenges, supporting the financial health of residents and investing in research that helps identify scalable solutions. • Provide continued support for innovative for-profit companies tackling housing access and affordability challenges through the Citi Impact Fund. • Advance public policy and advocacy efforts that help enhance supply, such as the Low-Income Housing Tax Credit program. CITI ANNOUNCES $60 BILLION COMMITMENT TO ENHANCE HOUSING AFFORDABILITY This commitment builds on Citi’s extensive track record of putting its capital, community impact and expertise toward improving housing affordability. It complements Citi’s financial health resources, including affordable mortgage programs, homebuyer education, and products and services that help homebuyers strengthen credit scores and increase savings. Citi also leverages research to inform solutions to housing affordability challenges, such as its recent analysis of the “mortgage lock‑in” effect and its impact on mobility and housing supply. “The causes for the shortage of quality, affordable housing are complicated but ultimately come down to the imbalance 18
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