Formula Grant COPC22961TO01

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 $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...

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 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...

Century Affordable Development Inc. was awarded a $1.8 million Capital Magnet Fund project grant by the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The grant will support the Capital Magnet Fund program's goal of creating and preserving affordable housing for low-income families and economically distressed communities. Specifically, Century Affordable Development Inc. will use the funding to attract private capital through financing that...

The Department of the Treasury's Community Development Financial Institutions Fund awarded Covington Capital Corporation a $125,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support Covington Capital Corporation in building its organizational capacity to serve eligible low-income communities and individuals across the United States who lack adequate access to affordable financial products and services through September 2023. As a...

The New Mexico Mortgage Finance Authority (Nmmfa) received a $2.5 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The funding supports the Capital Magnet Fund program, which aims to create and preserve affordable housing for low-income families and economically distressed communities through attracting private capital financing. Specifically, the Nmmfa will use the grant to support affordable housing...

The Department of the Treasury Community Development Financial Institutions Fund awarded a $5.5 million Project Grant to Bluehub Loan Fund Inc. on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). The Capital Magnet Fund program aims to create and preserve affordable housing for low-income families, individuals, and economically distressed communities by attracting private capital. Bluehub Loan Fund Inc. will use the $5.5 million award to support financing that furthers this...

The Department of the Treasury's Community Development Financial Institutions Fund awarded a $1.5 million Project Grant to Genesis La Economic Growth Corp on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). The Capital Magnet Fund aims to create and preserve affordable housing for low-income families, individuals, and economically distressed communities by attracting private capital. Genesis La Economic Growth Corp will use the grant to support financing that furthers...