Formula Grant WA19S05550109

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 Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $10,000,000 Capital Magnet Fund (CFDA 21.011) grant to Foundation Communities, Inc. on October 15, 2024. The grant is designed 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 certain related economic and community development activities. Through competitive...

The Manchester Housing Authority received a $167,298 Formula Grant award under the U.S. Department of Housing and Urban Development's (HUD) Public Housing Capital Fund (CFDA 14.872) program. The grant will fund the development, modernization, and financing of nearly 1 million public housing units across all 50 states and territories from May 2025 to May 2029. Key activities include physical modernization, maintenance, energy efficiency upgrades, and management improvements to ensure public...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $13,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Security Bancshares, Inc. on October 15, 2024. The grant is intended 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 certain related economic and community development activities. The planned...

The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $16,000,000 Capital Magnet Fund (CFDA 21.011) project grant to the Ohio Capital Finance Corporation on October 15, 2024. The purpose of this grant is to attract financing 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 activities. Through...

The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $10,500,000 Capital Magnet Fund (CFDA 21.011) project grant to the Corporation for Supportive Housing on October 15, 2024. The purpose of this 20-year 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 certain related economic and community development...

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...

The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $15,000,000 Project Grant under the Capital Magnet Fund (CFDA 21.011) program to Mercy Community Capital, a certified CDFI, on October 15, 2024. The purpose of this 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 certain related economic and community...

The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $18,000,000 Capital Magnet Fund (CFDA 21.011) grant to Culleywood Capital LLC, a for-profit Community Development Financial Institution, on October 15, 2024. The grant aims 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 certain related economic and community...

The City of Wynne, doing business as the Wynne Housing Authority, received a $219,935 formula grant award from the U.S. Department of Housing and Urban Development's (HUD) Public Housing Capital Fund Program (CFDA 14.872). The grant funds will be used to carry out capital and management activities, including the development, modernization, and financing of nearly 1 million public housing units across all 50 states and territories. Key activities include physical work such as demolition,...