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.