Formula Grant COPC21947TO02

The Capital Magnet Fund award of $4.8 million from the Department of the Treasury's Community Development Financial Institutions Fund will support the creation and preservation of affordable housing through the Capital Magnet Fund program (CFDA 21.011). Administered by Cinnaire Lending Corporation, the grant will attract private capital to finance affordable housing for low-income families, individuals, and economically distressed communities through the preservation and rehabilitation of...

The Finance Fund Capital Corp was awarded a $1.5 million Project Grant from the Department of the Treasury Community Development Financial Institutions Fund on February 22, 2021. The grant was awarded under the Capital Magnet Fund program (CFDA 21.011), which helps create and preserve affordable housing for low-income families, individuals, and economically distressed communities by attracting private capital. Through this award, Finance Fund Capital Corp will use the $1.5 million in grant...

The Capital Metropolitan Transportation Authority (Capital Metro) received a $3,842,927 Project Grant award from the Department of Transportation Federal Transit Administration under the State of Good Repair Grants Program (CFDA 20.525). The grant funds will be used to reimburse Capital Metro for eligible fixed guideway rehabilitation activities, specifically the acquisition and installation of fiber ductbank materials necessary for its Positive Train Control (PTC) system. The PTC system is...

The Department of the Treasury's Community Development Financial Institutions Fund awarded a $10 million Project Grant to Arlington Partnership For Affordable Housing, Inc. under the Capital Magnet Fund program. The grant will support increasing private investment in affordable housing and related economic development activities for low-income individuals and families through June 2025. Specifically, the Capital Magnet Fund grant capital will be used to attract private financing and support...

The City First Enterprises Inc. was awarded an $8.15 million project grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Capital Magnet Fund program. The grant will support increasing private investment in affordable housing for low-income individuals and families through June 2025. Through competitive subawards, the Capital Magnet Fund provides capital to finance and support the acquisition, development, rehabilitation, and preservation of...

The Wisconsin Housing Preservation Corporation received a $4.75 million Capital Magnet Fund award from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The Capital Magnet Fund program aims to create and preserve affordable housing for low-income families, individuals, and economically distressed communities through attracting private capital for financing. Under this Project Grant, the Corporation will use the funds to support financing...

Community Housing Capital, Inc. was awarded a $2.5 million Capital Magnet Fund grant from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The Capital Magnet Fund program aims to create and preserve affordable housing for low-income families, individuals, and economically distressed communities through attracting private capital for financing preservation and rehabilitation. Under this award, Community Housing Capital will use the funds...

The Department of the Treasury's Community Development Financial Institutions Fund awarded a $9 million Project Grant to Leviticus Alternative Fund Inc. under the Capital Magnet Fund program. The grant will support the Fund in attracting private investment to finance affordable housing and related economic development activities that benefit low-income individuals and families. Specifically, the Fund will use competitive grants to increase acquisition, development, rehabilitation and...

The Department of the Treasury's Community Development Financial Institutions Fund awarded a $2.9 million Project Grant to The Affordable Housing Trust For Columbus And Franklin County on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). The grant will help create and preserve affordable housing for low-income families, individuals, and economically distressed communities in the United States by attracting private capital financing. As the official description notes, the...

The Department of the Treasury's Community Development Financial Institutions Fund awarded Mission First Housing Development Corporation $4.8 million under the Capital Magnet Fund program on February 22, 2021. The Capital Magnet Fund (CFDA 21.011) helps create and preserve affordable housing for low-income families and economically distressed communities by attracting private capital. Mission First will use the award to support financing that will preserve and rehabilitate affordable housing...