Citi Foundation Presents $170,000 Grant to National Coalition for Asian Pacific American Community Development

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, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.

Citi Foundation
The Citi Foundation supports organizations that help people improve their lives, businesses to grow, and communities to prosper around the world. The Citi Foundation focuses its grants primarily in three areas: financial education, educating the next generation, and building communities and entrepreneurs. Additional information can be found at http://www.citigroupfoundation.org/.

National CAPACD
The National Coalition for Asian Pacific American Community Development is the first national advocacy organization dedicated to addressing the community development, organizing and advocacy needs of the diverse and rapidly growing Asian American and Pacific Islander communities nationwide. Our mission is to be a powerful voice for the unique community development needs of AAPI communities and to strengthen the capacity of community-based organizations to create neighborhoods of hope and opportunity. Additional information may be found at www.nationalcapacd.org or by contacting info@nationalcapacd.org.


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) August 23, 2007 Citi Foundation Presents $170,000 Grant to National Coalition for Asian Pacific American Community Development Hawaii – Citi and the Citi Foundation announced a grant of $170,000 to the National Coalition for Asian Pacific American Community Development (CAPACD) today during a conference of National CAPACD and the Council for Native Hawaiian Advancement. "We are proud to be part of the community development effort in building sustainable communities across the nation. Through innovative programs such as the Asian American and Pacific Islander (AAPI) Communities Taking Initiative in Our Neighborhoods (ACTION) funded by Citi, we are able to help local organizations build their capacity to better meet the needs of the residents in their communities," said Wendy Takahisa, Managing Director, Citi Global Compliance Programs. The $170,000 grant from the Citi Foundation made to National CAPACD supports the ACTION program. The grant will help build a national infrastructure for AAPI community based organizations through services that provide technical assistance and training in programs such as affordable housing, homeownership and community planning. "Citi's support has helped National CAPACD build one of the most effective programs in our organizational history. Through ACTION, National CAPACD has helped local community based organizations impact 11,000 people in nine cities across the country, leverage $1.25 million in funding, build 32 units of Senior Housing, create national networks around youth development, and support homeownership among Asian Americans," said Lisa Hasegawa, Executive Director of National CAPACD. "As an ACTION participant, our organization was able to develop the Homestead Individual Development Account (HIDA), which is helping many Native Hawaiians start saving for a home purchase across the state. We were also able to assist a small but important nonprofit, Hawaiian Community Assets (HCA) to significantly increase homeownership education services from hundreds of families to reaching thousands over a 20-month period of time," said Robin Danner, President of the Council for Native Hawaiian Advancement. National CAPACD is a member-based network of more than 100 community-based organizations and individuals who have joined together since 1999 to impact public policy, leverage resources, and garner support on issues affecting low-income AAPIs. The network includes community development corporations, preservation agencies, social service providers and advocacy groups, as well as national intermediaries and financial institutions. Working in 17 states, National CAPACD members implement innovative affordable housing, community development and community organizing strategies to improve the wellbeing of low-income AAPI communities. # # # 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, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com. Citi Foundation The Citi Foundation supports organizations that help people improve their lives, businesses to grow, and communities to prosper around the world. The Citi Foundation focuses its grants primarily in three areas: financial education, educating the next generation, and building communities and entrepreneurs. Additional information can be found at http://www.citigroupfoundation.org/. National CAPACD The National Coalition for Asian Pacific American Community Development is the first national advocacy organization dedicated to addressing the community development, organizing and advocacy needs of the diverse and rapidly growing Asian American and Pacific Islander communities nationwide. Our mission is to be a powerful voice for the unique community development needs of AAPI communities and to strengthen the capacity of community-based organizations to create neighborhoods of hope and opportunity. Additional information may be found at www.nationalcapacd.org or by contacting info@nationalcapacd.org.