U.S.
Citi Foundation Launches $20 Million Request for Proposals to Support Nonprofit Housing Developers Across the U.S.
NEW YORK, June 03, 2026--The Citi Foundation ("the Foundation") today launched a $20 million Request for Proposals (RFP) focused on helping address operational and financial barriers to building and preserving affordable housing across the United States. Through this 2026 Housing Supply RFP, part of Citi’s Blueprint for Housing Opportunity initiative, 20 nonprofit housing developers will each receive $1 million to help scale the supply of affordable homes in the communities that need them most.
About this update from Citigroup, Inc.
Part of Citi’s Blueprint for Housing Opportunity Initiative, a Five-Year Housing Affordability Commitment NEW YORK, June 03, 2026--(BUSINESS WIRE)--The Citi Foundation ("the Foundation") today launched a $20 million Request for Proposals (RFP) focused on helping address operational and financial barriers to building and preserving affordable housing across the United States. Through this 2026 Housing Supply RFP, part of Citi’s Blueprint for Housing Opportunity initiative, 20 nonprofit housing developers will each receive $1 million to help scale the supply of affordable homes in the communities that need them most. Housing affordability remains one of the most pressing economic challenges facing the U.S. today. Nearly half of renter households are cost-burdened, spending more than 30% of their income on rent and utilities.1 This latest initiative will help fund nonprofit housing developers’ efforts to both preserve existing affordable housing and advance pre-development work for new projects, including site evaluations, early design, engineering and appraisals. "Philanthropic capital can be a powerful tool in helping affordable housing projects move faster and helping bridge the affordability gap facing Americans in communities large and small," said Brandee McHale, President of the Citi Foundation and Head of Community Investing and Development at Citi. "Community-based nonprofit developers play an important role in moving affordable housing projects from ideation to completion, often covering upfront costs for years before projects are shovel-ready. Through these grants, the Foundation aims to support these supply-side champions and bring more housing to low-income communities across the country." The 2026 Housing Supply initiative accounts for $20 million of the Foundation’s broader commitment to deploy $50 million over five years to address housing affordability and strengthen the financial health of residents in low-income communities. This commitment is a part of Citi’s Blueprint for Housing Opportunity initiative, which also includes a five-year, $60 billion financing commitment to advance housing affordability in the U.S. and help create and preserve at least 250,000 units. This announcement builds on Citi and the Foundation’s long track record of support for high-impact community development and housing solutions. Ov...