move quickly from acquisition to completion but also keep affordability front and center.” Community Impact Access alone does not ensure lasting housing stability — investing in residents’ overall financial resilience is a critical piece of the puzzle. For over 30 years, the Citi Foundation has worked to catalyze economic opportunity for households and communities through grants to non-profit innovators, including those addressing housing supply challenges. Citi Foundation has also announced a $1 million grant to the Center for Affordable Housing Lending, the non-profit research partner to the National Association of Affordable Housing Lenders (NAAHL). This grant will help establish the Housing Supply Research & Fellowship Program to address top-of-mind challenges for policymakers and the housing finance community. “Affordable housing is one of the most pressing challenges facing communities across the country. Solving this problem requires investment in research, innovation and mission-focused solutions,” said Sarah Brundage, president and CEO of NAAHL and the Center for Affordable Housing Lending. “Citi and Citi Foundation’s long track record reflects a commitment to finding tools that work and matching scale with on-the-ground expertise. Citi Foundation’s catalytic support will enable the Center to meet the moment and advance impactful solutions for affordable housing.” Expertise and Advocacy We recognize that making housing more affordable for American families cannot be achieved by the private sector alone — successful progress toward this goal will require the public, private and non-profit sectors working together. Policymakers across the political spectrum are focused on addressing housing affordability and increasing supply, but more action is needed. One program with significant support is the Low-Income Housing Tax Credit (LIHTC), which has successfully boosted affordable housing supply for nearly 40 years and was recently expanded by the One Big Beautiful Bill Act. While this improvement was welcomed, Citi believes there is an opportunity to help the credit go even further for American communities and families. For example, enhancing the liquidity of LIHTC to outside investors would encourage greater investment in affordable housing projects. Citi remains committed to working with policymakers, relevant stakeholders and others to ensure continued improvement in housing affordability for individuals and families across the country. For more information on Citi’s commitment, visit the Blueprint for Housing Opportunity website by scanning the QR code. https://www.citigroup.com/global/our-impact/strengtheningcommunity/housing-affordability About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management, and a valued personal bank in its home market, the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. Learn more at www.citigroup.com. About Citi Foundation The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities worldwide. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant communities. The Citi Foundation’s “More than Philanthropy” approach leverages Citi’s expertise and that of its people to fulfill our mission and drive thought leadership and innovation. For more information, visit www.citifoundation.com. 20
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