Formula Grant TX24S23350109

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 Small Business Administration awarded a $226,274 Formula Grant under the Microloan Program (CFDA 59.046) to Fresno Community Development Financial Institution, doing business as Access Plus Capital, for the period of July 1, 2023 through June 30, 2024. Access Plus Capital will utilize the funding to provide microloans of $100,000 or less and business-based training and technical assistance services to start-up, newly established, and growing small businesses in Fresno, California. As a...

The Department of the Treasury Community Development Financial Institutions Fund awarded a $20 million Project Grant to Cinnaire Lending Corporation through the Capital Magnet Fund program (CFDA 21.011). The grant will support increasing private investment in affordable housing and related economic development activities benefiting low-income individuals and families through June 2025. Specifically, Cinnaire Lending Corporation will use the Capital Magnet Fund grant to provide capital...

The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded Commercial Capital Corporation $125,000 under the Community Development Financial Institutions Program (CFDA 21.020) Project Grant to build organizational capacity and serve target markets. Funding will support technical assistance activities from September 2022 through December 2024, including compensation, fringe benefits, professional services, travel, training, equipment, supplies, and...

The Department of the Treasury's Community Development Financial Institutions Fund awarded Capital Impact Partners $5 million under the Community Development Financial Institutions Program (CFDA 21.020) on February 28, 2023. This three-year Project Grant will support Capital Impact Partners' work to promote economic revitalization and community development through 2026. As one of the nation's leading Community Development Financial Institutions, Capital Impact Partners will use this funding to...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $7,500,000 Capital Magnet Fund (CFDA 21.011) grant to Cinnaire Lending Corporation, a nonprofit community development financial institution (CDFI). This 20-year Project Grant will finance affordable housing development, preservation, and rehabilitation efforts, as well as related economic development activities, in underserved urban and rural communities across the United States. Cinnaire...

The Department of the Treasury Community Development Financial Institutions Fund awarded $660,000 under the Community Development Financial Institutions Program (CFDA 21.020) federal Project Grant to Access To Capital For Entrepreneurs, Inc. to promote economic revitalization and community development. Through this funding, Access To Capital For Entrepreneurs, Inc. will provide investment and assistance to certified and emerging Community Development Financial Institutions on February 28, 2023...

The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Capital Bancorp, Inc. a $482,900 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support Capital Bancorp's efforts to promote economic revitalization and community development through February 2023 to December 2026. As a certified Community Development Financial Institution, Capital Bancorp will use the funding to grow its capacity...

Home Headquarters Inc. received a $1 million Capital Magnet Fund award from the Department of the Treasury Community Development Financial Institutions Fund on February 22, 2021. The award was provided through the Capital Magnet Fund program (CFDA 21.011), which aims to create and preserve affordable housing for low-income families, individuals, and economically distressed communities by attracting private capital. Funds will support financing to preserve, rehabilitate and develop affordable...

The Community Development Financial Institutions Fund within the Department of the Treasury awarded Security Capital Corporation $701,530 under the Community Development Financial Institutions Program (CFDA 21.020) to promote economic revitalization and community development through December 2024. The Project Grant funding will support financial products, financial services, development services, loan loss reserves, and capital reserves to build Security Capital Corporation's capacity to lend to...