Project Grant 161CM020314

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 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...

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...

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 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...

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...

The Housing Assistance Council received a $1.478 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...

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...

The Department of the Treasury's Community Development Financial Institutions Fund awarded a $10 million Project Grant to Arlington Partnership For Affordable Housing, Inc. under the Capital Magnet Fund program. The grant will support increasing private investment in affordable housing and related economic development activities for low-income individuals and families through June 2025. Specifically, the Capital Magnet Fund grant capital will be used to attract private financing and support...

The Department of the Treasury's Community Development Financial Institutions Fund awarded a $12 million Project Grant to Foundation Communities, Inc. under the Capital Magnet Fund program. Through this award, Foundation Communities will provide financing and support for affordable housing and related economic development activities that benefit low-income individuals and families. Specifically, Foundation Communities will use the grant to attract private investment for acquiring, developing,...