Citi Foundation will deploy $50 million in philanthropic grants to nonprofits addressing housing challenges and supporting the financial health of residents in their communities.
Citi Foundation announced a $1 million grant to the Center for Affordable Housing Lending.
"By expanding the amount of financing we provide for affordable housing, we open possibilities for prosperity," says Citi CEO Michael O'Neill.
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.