Project Grant 201CM055127G

Award Date 2/22/21
Completion Date Not listed
Dollars Obligated $1.5M
Federal Grant Program
21.011
Assistance Type
Project Grant
Place of Performance
United States
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The Department of the Treasury's Community Development Financial Institutions Fund awarded a $1.5 million Project Grant to Genesis La Economic Growth Corp 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. Genesis La Economic Growth Corp will use the grant to support financing that furthers this goal through the preservation and rehabilitation of affordable housing. The funding will help maintain housing affordability in economically distressed areas by leveraging additional private investments.

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