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Citi Announces its Blueprint for Housing Opportunity Initiative — A $60 Billion Commitment to Enhance U.S. Housing Affordability and Help Create and Preserve 250,000 Units Over Five Years
NEW YORK, February 24, 2026--Citi today 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
About this update from Citigroup, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":310,"url":"https://media.zenfs.com/en/business-wire.com/3ed699b7d5088e3099ee0c30d8474e26"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/LwpFKmH4esq8ry1wiSqGeA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYyMDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/3ed699b7d5088e3099ee0c30d8474e26","width":480,"height":310}},"lazy":false},{"type":"text","content":"Citi Foundation will also Deploy $50 Million in Philanthropic Grants to Non-Profits Addressing Housing Challenges in their Communities","length":134,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, February 24, 2026--(BUSINESS WIRE)--Citi today 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.","length":584,"tagName":"p"},{"type":"text","content":""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."","length":490,"tagName":"p"},{"type":"text","content":"As the number one affordable housing lender in the U.S. for 15 consecutive years, Citi recognizes that housing is a foundational element of economic well-being and community stability.1 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 contributed to the creation and preservat...