Through the 2026 Housing Supply, the Foundation will award not-for-profit organizations focused on developing and preserving affordable housing with capacitybuilding grants to strengthen their long-term financial resilience and help advance affordable housing projects at a faster pace.
Donor Name: Citi Foundation
State: Selected States
County: Selected Counties
Type of Grant: Grant
Deadline: 07/01/2026
Size of the Grant: $100,000 to $500,000
Grant Duration: 3 Years
Details:
Focus Areas
- Preserve Existing Affordable Housing
- Support for soft costs to facilitate the acquisition of rental housing to maintain its affordability, help resolve deferred maintenance issues and/or help recapitalize nonperforming projects held in portfolio.
- Advance New Housing Development
- Support for soft cost and/or pre-development for early-stage work to help affordable housing projects move forward from planning to site acquisition to construction and ultimately to completion.
Funding Information
- The Foundation plans to award 20 $1 million grants (expected to be disbursed over two years), totaling $20 million, to not-for-profit housing developers working in select communities where Citi has a presence.
- Grantees will each receive a restricted grant of $1 million. The anticipated disbursement schedule, subject to change, is as follows: $500,000 in Year 1 (2026) and $500,000 in Year 2 (2027).
Grant Period
36 months
Geographical Areas
- California
- Alameda, Contra Costa, Fresno, Kern, Kings, Los Angeles, Marin, Merced, Orange, Riverside, Sacramento, San Bernardino, San Diego, San Francisco, San Joaquin, San Mateo, Santa Clara, Stanislaus, Ventura
- Connecticut
- Greater Bridgeport Planning Region, Western Connecticut Planning Region
- Florida
- Broward, Miami-Dade, Palm Beach
- Illinois
- Cook, DuPage, Kane, Lake, McHenry, Will
- Maryland
- Montgomery, Prince George’s
- Nevada
- Clark
- New Jersey
- Bergen, Essex, Hudson, Passaic
- New York
- Bronx, Kings, Nassau, New York (Manhattan), Queens, Richmond (Staten Island), Rockland, Suffolk, Westchester
- Puerto Rico
- Territory-wide
- South Dakota
- State-wide
- Virginia
- Alexandria City, Arlington, Fairfax, Fairfax City, Falls Church City
- Washington, D.C.
- Entire District of Columbia
Eligibility Criteria
- Organizations must be able to demonstrate that their mission and/or strategic priorities have a specific focus on serving low-income individuals.
- Organizations must have a track record of developing or preserving affordable housing.
- Organizations must operate in at least one of the Foundation’s target markets.
- Organizations must be tax-exempt public charities as per Section 501(c)(3) of the Internal Revenue Code. Please note that organizations that require the use of fiscal sponsorship are not eligible for this funding opportunity.
- Organizations must be able to submit externally audited financial statements covering some part of calendar year 2024 or a subsequent year if invited to the full application stage no later than May 2026. on.
For more information, visit Citi Foundation.
