Citi Community Development and Grounded Solutions Network Announce Recipients of Accelerator Fund to Boost Lasting Affordability for Lower Income Homeowners
Citigroup, Inc. (C)
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Source: Business Wire
Leading Nonprofits in the San Francisco Bay Area, Palm Beach County and Los Angeles County Receive Support to Advance Housing Access and Equity for First-time Homebuyers NEW YORK--(BUSINESS WIRE)-- Citi Community Development and Grounded Solutions Network announced today the recipients of the Citi/Grounded Solutions Network Community Land Trust (CLT) Accelerator Fund, to expand technical assistance to CLTs and homeownership programs that provide lasting affordable housing options for first-time, lower income homebuyers across the United States. The fund, administered by Grounded Solutions Network with a $500,000 investment from Citi Community Development, provides capital grants to existing high-capacity CLTs and similar shared equity homeownership programs that quickly convert real estate opportunities into housing units. The fund recipients are: Habitat for Humanity East Bay/S
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