Formula Grant NM02P03050115

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 Department of the Treasury's Community Development Financial Institutions Fund awarded Locus Impact Fund $3.75 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. Locus Impact Fund will use this funding to support financing that preserves and rehabilitates affordable housing, consistent with the...

The Housing Authority City-La Grng received a $224,970 formula grant award under the U.S. Department of Housing and Urban Development's (HUD) Public Housing Capital Fund (CFDA 14.872) program. This grant, effective from May 2025 to May 2029, will be used to fund the development, modernization, and financing of nearly 1 million public housing units across all 50 states and territories. The funds will enable the housing authority to perform physical improvements to housing structures, maintain...

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 U.S. Department of Housing and Urban Development (HUD) awarded the Housing Authority City of Bristol a $1,602,288 Public Housing Capital Fund (CFDA 14.872) formula grant. This 4-year grant, running from May 2025 to May 2029, will fund the development, modernization, and financing of nearly 1 million public housing units across the United States and its territories. Key activities include public housing construction, rehabilitation, utility upgrades, and other eligible capital improvements to...

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 (CDFI) Fund awarded a $12,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Enterprise Community Loan Fund Inc. on October 15, 2024. The grant will be used to attract private financing and increase investment in affordable housing, primarily for low-income, very low-income, and extremely low-income individuals and families. Planned activities include providing capital to finance and support affordable rental...

The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $13,500,000 Capital Magnet Fund (CFDA 21.011) project grant to Foundation For Affordable Rental Housing Holdings Inc. on October 15, 2024. The purpose of the grant is to attract financing for and increase investment in affordable housing for primarily low-income, very low-income, and extremely low-income individuals and families, as well as support related economic and community development...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $10,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Foundation Communities, Inc., a nonprofit community development corporation based in Austin, Texas. The purpose of the grant is to attract financing for and increase investment in affordable housing for primarily low-income, very low-income, and extremely low-income individuals and families, as well as support related economic and...