Wednesday, July 02, 2008

The Citi Foundation commits $2 million to Habitat for Humanity to Build Affordable Houses with Low-income Families Across the United States

--(BUSINESS WIRE)--Building on nine years of support for Habitat for Humanity projects, the Citi Foundation recently awarded Habitat for Humanity International a $2 million grant to support the construction of affordable houses in the United States.

The grant from Citi, continuing their ongoing commitment to community development, will provide more than 50 Habitat affiliates across the country with partial to full house sponsorships. The grants range in size from $15,000 to $125,000.

“Citi is proud of our long-standing relationship with Habitat and pleased to reaffirm our commitment to this organization,” said Kevin Kessinger, Citi Chief Operations and Technology Officer. “We take tremendous pride in creating opportunities for affordable housing and helping make communities better because we are there.”

In celebration of Habitat’s 25th annual Jimmy and Rosalynn Carter Work Project held recently in the Mississippi Gulf Coast, Citi committed $375,000 and dedicated 40 employee volunteers to the project during the week-long event for families affected by the 2005 hurricanes. Since 2001, Citi has been a sponsor of eight Carter Work Projects, contributing more than $3 million to build houses in partnership with low-income families in Georgia, Alabama, Michigan and California and internationally in South Korea, South Africa, Mexico and India.

“We are grateful for the continuous support of the entire Citi family,” said Habitat CEO Jonathan Reckford. “Citi’s generosity through the years has helped provide hundreds of families with safe, decent and affordable housing, changing lives and communities around the world. In addition, employees across Citi’s organization play a vital role in supporting our mission by serving as volunteers.”

The Citi Foundation has donated more than $29 million to Habitat for Humanity to assist in providing low-income families with safe and decent housing since 1999. This funding has supported the construction of more than 350 homes, impacting more than 1,400 individuals.

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