Citigroup Inc. (NYSE: C) has unveiled a $60 billion, five-year commitment aimed at boosting housing affordability across the United States, targeting the creation and preservation of at least 250,000 housing units.

Under its Blueprint for Housing Opportunity initiative, Citi will finance the acquisition, construction, rehabilitation and long-term funding of affordable housing, including developments for essential workers and lower-cost rental options in high-cost markets. The bank, which has been the top affordable housing lender in the U.S. for 15 consecutive years, financed more than $32 billion in affordable multifamily housing over the past five years, including $7.6 billion in 2025 that supported over 35,000 units.

In parallel, the Citi Foundation will deploy $50 million in philanthropic grants to non-profits addressing housing challenges and strengthening residents’ financial health. The effort begins with a $1 million grant to the Center for Affordable Housing Lending to support research and policy solutions.

Citi also said it will advocate for public policies that expand housing supply, including enhancements to the Low-Income Housing Tax Credit program.