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All Federal Grant Awards
Project Grant 101CM009282
Award Date
10/15/10
Completion Date
12/6/22
Dollars Obligated
$2M
Overview
Activity
3
Transactions
3
Subawards
Similar Awards
Federal Agency
Community Development Financial Institutions Fund
Awardee
Newwest Community Capital, Inc. (HMJXGX7EBMU3)
Federal Grant Program
21.011
Assistance Type
Project Grant
Place of Performance
United States
Update #1
Update #2
CAPITAL MAGNET FUND AWARD
Posted 10/15/10
5
1
Mod #
Description
ReasonForModification
Federal Obligation
Date
Not listed
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW-INCOME, VERY LOW-INCOME, AND EXTREMELY LOW-INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. ACTIVITIES TO BE PERFORMED: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW-INCOME, VERY LOW-INCOME, AND EXTREMELY LOW-INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON FOR MODIFICATION: THE PERIOD OF PERFORMANCE DATE(S) CHANGED.
$0
5/8/26
Not listed
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW-INCOME, VERY LOW-INCOME, AND EXTREMELY LOW-INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. ACTIVITIES TO BE PERFORMED: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW-INCOME, VERY LOW-INCOME, AND EXTREMELY LOW-INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON FOR MODIFICATION: THE PERIOD OF PERFORMANCE DATE(S) CHANGED.
$0
5/8/26
Not listed
CAPITAL MAGNET FUND AWARD
$2.0m
10/15/10