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The Citi Foundation commits $2 million to Habitat for Humanity to build affordable houses with low-income families across the United States

ATLANTA (June 30, 2008) – 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.

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Courtesy of Citi
Habitat for Humanity CEO Jonathan Reckford and Citi Chief Operations and Technology Officer Kevin Kessinger in Biloxi, Miss., at the 25th annual Carter Work Project

The grant from Citi, continuing its 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.

About Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.

About Habitat for Humanity International
Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in 1976, Habitat has built more than 250,000 houses worldwide, providing simple, decent and affordable shelter for more than 1 million people. For more information, visit www.habitat.org.