Citi Foundation

Neighborhood Revitalization

Affordable housing and vibrant local economies are critical to ensuring that low-income people have the opportunity to earn, save and build assets. The housing and economic crises negatively impacted households and neighborhoods across the U.S., with low-income people particularly hard hit. While the public and private sectors have invested significantly to combat the wave of foreclosures, neighborhoods are still in need of innovative and comprehensive support to rebuild and strengthen the fundamental economic and social core of our communities. Affordable housing, for example, is still in demand, as the housing recovery has pushed up rent and housing prices, while high unemployment has pushed down real incomes.1 Though these challenges continue, emerging models of redevelopment are successfully stabilizing isolated neighborhoods, preserving affordable housing, and developing opportunities for economic progress.

Our Strategy

At the Citi Foundation, our goal is to find these successful redevelopment models and invest in them. In 2013, the Citi Foundation invested close to $13.6 million in Neighborhood Revitalization programs. We are committed to maintaining economically vibrant communities in the U.S. by: increasing the flow of capital to low-income communities to develop or preserve affordable housing, rehabilitate commercial corridors that generate incremental income and economic activity, and develop community facilities that create a foundation for pursuing economic opportunity and neighborhood stability. Additionally, we are committed to building the capacity of community development organizations to drive investment into their neighborhoods and preserve those gains.


1 1 The State of the Nation's Housing 2013, Joint Center for Housing Studies of Harvard University. Retrieved from http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/son2013.pdf.

Examples of Our Leadership

Urban Institute Center for Housing Finance Research and Policy
Urban Institute Center for Housing Finance Research and Policy
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Investing in What Works for America's Communities
Investing in What Works for America's Communities
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