Capital magnet fund award
Project Grant Awarded
- Award ID
- 201CM055085G
- Recipient
-
Mercy Community Capital UEI QFM6YMPJ2891
- Awarding agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Obligated
- $5,000,000
Award facts
- Assistance listing
- 21.011 Capital Magnet Fund
- Completion date
- Not on record
- Place of performance
- United States
Award details come from USAspending.gov.
About this award
The Department of the Treasury Community Development Financial Institutions Fund awarded a $5 million Project Grant to Mercy Community Capital on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011).
The Capital Magnet Fund aims to create and preserve affordable housing for low-income families, individuals, and economically distressed communities by attracting private capital. Mercy Community Capital will use the grant to support financing that will preserve, rehabilitate, and develop affordable housing through attracting private investments. The funding will help provide affordable housing options for underserved communities and low-income households.
Quick answers
Who received award 201CM055085G?
201CM055085G was awarded to Mercy Community Capital by Community Development Financial Institutions Fund (Department of the Treasury) on February 22, 2021.
How much is award 201CM055085G worth?
$5,000,000 has been obligated on 201CM055085G.
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