Strategic Initiatives and Programs

Community Land Trusts

Nationwide Mortgage Collaborative

With $1 million in support from Citi Community Development, Springboard CDFI is deploying its loan origination platform and full suite of consumer-facing tools and technology to members of the Nationwide Mortgage Collaborative (NMC), a national coalition of leading non-profit housing counseling agencies and Community Development Financial Institutions (CDFIs). The expansion builds the capacity of the NMC to deliver responsible mortgage credit access for low- to moderate-income, minority, rural, and other underserved first-time homebuyers.
As a result, more than 100 CDFIs and housing counseling agencies will be on-boarded to the platform with the objective of closing over $220 million in home loans by the end of 2019.

SAGE LGBT Elder Housing Initiative

The LGBT population age sixty and above is expected to grow from 3 million in 2013, to 7 million by 2030. Yet, nationwide there are approximately 500 units of affordable housing focused on the needs of the LGBT elderly. Since 2017, Citi has supported the LGBT Elder Housing Initiative to enable SAGE to scale their efforts to expand access to safe and affordable housing for LGBT seniors and to engage with the wider affordable housing community to help ensure that vulnerable groups and minorities are, from a cultural and social perspective, included in all affordable senior housing developments in the United States.

Bring Them Homes

One population disproportionately impacted by lack of access to affordable housing is veterans. Each year, an estimated 250,000 servicemen and women transition out of the military to embark on new chapters, careers and opportunities. While the rate of veteran homelessness has declined over the past several years, estimates suggest that as many as 100,000 vets in the U.S. are homeless at some point during a 12-month period. Bring them HOMES, a partnership with the Local Initiative Support Corporation and the National Equity Fund, its investment affiliate, is an initiative to build affordable permanent, temporary and transitional housing with supportive services for America’s veterans. Even for those not facing such dire circumstances, the men and women of the military and their families face many financial and logistical challenges, especially during the transition out of active duty. Over the past four years, Citi’s funding has helped bring to fruition nearly 2,500 units of housing for homeless, at-risk and low-income veterans and their families. Watch the video

Foreclosure Prevention Events

Search for a specific event in your area or see a full listing of upcoming foreclosure prevention events and Citi hosted Road to Recovery events.

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The Office of Homeownership Preservation

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