Formula Grant TX21P13750109

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...

Capital Plus Financial LLC received a $1.8 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The funding supports Capital Plus Financial's work under the Community Development Financial Institutions Rapid Response Program, which provides resources to CDFIs through October 31, 2023 to address the economic impacts of the coronavirus pandemic in their communities. Specifically, the award will allow Capital Plus...

The Department of the Treasury's Community Development Financial Institutions Fund awarded a $2.25 million Project Grant to City First Enterprises Inc. 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 and economically distressed communities by attracting private capital financing. Funds will support the preservation and rehabilitation of affordable housing consistent with the Capital...

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 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...

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...

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 Community Development Financial Institutions Fund within the Department of the Treasury awarded a $1,826,265 Project Grant to Community First Fund, doing business as Community First Capital, through the Community Development Financial Institutions Rapid Response Program. The two-year grant running from June 2021 through June 2023 will support Community First Capital's ability to address the economic impacts of the coronavirus pandemic on its communities. As a Community Development...

The Volunteers of America National Services received a $4.5 million Capital Magnet Fund award from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The award will support the Capital Magnet Fund program's goal of creating and preserving affordable housing for low-income families, individuals, and economically distressed communities. Through attracting private capital, the grant funds will help finance activities like the preservation and...