Formula Grant TX59P19350115

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 Florida Community Loan Fund received a $20 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Capital Magnet Fund program. The grant will support the Loan Fund in increasing private investment to create and preserve affordable housing and related economic development activities for low-income individuals and families. Through June 2025, the Loan Fund will use the competitive grant funding to finance affordable...

This Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund provides $525,000 to Altcap under the Community Development Financial Institutions Program (CFDA 21.020) through December 2024. The funding will support Altcap's provision of financial products, services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805, with the goal of building financial capacity...

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 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...

The Department of the Treasury Community Development Financial Institutions Fund awarded a $7.4 million Project Grant to the Community Loan Fund of the Capital Region, Inc. under the Capital Magnet Fund program. Through this award, the Community Loan Fund will provide capital to finance affordable housing and related economic development activities for low-income individuals and families. Specifically, the organization will use the funding to attract private investment towards the acquisition,...

The $300,000 federal Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) supports First Community Capital Inc., a certified CDFI and community development corporation, in delivering financial services and capacity building assistance to underserved populations. The grant, awarded in November 2024, will enable First Community Capital Inc. to establish loan loss reserves, provide technical assistance, and...

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 of Fulton County received a $283,108 Formula Grant from the U.S. Department of Housing and Urban Development's Public Housing Capital Fund program (CFDA 14.872). The grant will be used to support the development, modernization, and financing of nearly 1 million public housing units across the United States through May 2029. Key activities include construction, acquisition, rehabilitation, and management improvements to ensure public housing units are decent, safe, and...