Citi Announces $60 Billion Blueprint for Housing Opportunity
February 24, 2026 — Leads & Copy — Citi has announced its Blueprint for Housing Opportunity, a $60 billion initiative over five years aimed at boosting housing affordability by increasing supply through the creation and preservation of at least 250,000 housing units across the United States.
The Citi Foundation will also contribute $50 million in philanthropic grants to non-profits that are dedicated to addressing housing challenges and bolster the financial health of residents within their communities, beginning with an initial $1 million grant to the Center for Affordable Housing Lending.
Jane Fraser, Chair of the Board and Chief Executive Officer of Citi, emphasized the importance of addressing housing affordability. She stated that the expansion of financing for affordable housing can open opportunities for prosperity, enabling more Americans to secure affordable housing. When individuals spend less on housing, they have more resources to invest in their families and futures.
Citi, recognized as the leading affordable housing lender in the U.S. for 15 years running, acknowledges that housing is fundamental to economic stability. Citi Community Capital (CCC), responsible for the majority of Citi’s work in this area, financed over $32 billion in affordable multifamily housing lending in the past five years, including $7.6 billion in 2025. The 2025 contribution led to the creation and preservation of over 35,000 units across more than 30 states.
The commitments from Citi and the Citi Foundation include:
$60 billion in capital over five years for the acquisition, construction, rehabilitation, and long-term financing of affordable housing. The financing will support various types of housing, including homes for essential workers, developments with supportive services, and lower-cost rental options in expensive markets.
$50 million in Citi Foundation philanthropic grants to non-profits addressing local housing challenges, supporting residents’ financial health, and investing in research to identify scalable solutions.
Continued support for innovative for-profit companies working to improve housing access and affordability through the Citi Impact Fund.
Efforts to advance public policy and advocacy that enhance supply, such as the Low-Income Housing Tax Credit program.
These commitments build on Citi’s ongoing efforts to improve housing affordability through capital, community impact, and expertise. They complement Citi’s financial health resources, like affordable mortgage programs, homebuyer education, and products and services aimed at improving credit scores and increasing savings. Citi also uses research to inform solutions, exemplified by its recent analysis of the “mortgage lock‑in” effect on mobility and housing supply.
Edward Skyler, Head of Enterprise Services and Public Affairs and Chair of the Citi Foundation, stated that the shortage of quality, affordable housing is due to an imbalance of supply and demand. He added that Citi’s financial capabilities can significantly impact increasing supply. Skyler also recognized housing as a critical factor for financial progress, emphasizing the philanthropic support for people to access financial tools, services, and opportunities needed for economic and housing security.
Rafael E. Cestero, Chief Executive Officer of the Community Preservation Corporation (CPC), stated that housing development requires capital certainty, clear execution, and reliable partners. He added that market-based solutions led by institutions such as Citi make a difference, enabling developers to move quickly and maintain a focus on affordability.
Sarah Brundage, President and CEO of NAAHL and the Center for Affordable Housing Lending, noted that affordable housing is a pressing challenge and requires investment in research, innovation, and mission-focused solutions. She added that Citi and the Citi Foundation have a long track record of finding effective tools and matching scale with expertise, with Citi Foundation’s support enabling the Center to advance impactful affordable housing solutions.
Citi is committed to working with policymakers and stakeholders to improve housing affordability for individuals and families nationwide.
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 of 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.
The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant communities.
Source: Citi
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