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 Department of the Treasury's Community Development Financial Institutions Fund awarded Mission First Housing Development Corporation $4.8 million under the Capital Magnet Fund program on February 22, 2021. The Capital Magnet Fund (CFDA 21.011) helps create and preserve affordable housing for low-income families and economically distressed communities by attracting private capital. Mission First will use the award to support financing that will preserve and rehabilitate affordable housing...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $12 million Project Grant to the National Housing Trust Community Development Fund through the Capital Magnet Fund program. The grant will support the creation and preservation of affordable housing for low-income individuals and families through increased private investment in acquisition, development, rehabilitation, and preservation of affordable rental and homeownership housing. Activities will be...
The Community Development Trust, LP, a certified Community Development Financial Institution (CDFI), was awarded a $6,750,000 Project Grant from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Capital Magnet Fund (CFDA 21.011) program. This grant, awarded on October 23, 2024, will be used to finance affordable housing development, preservation, and rehabilitation initiatives that benefit extremely low-, very low-, and low-income families...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $3.75 million Project Grant to Habitat for Humanity International Inc. on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). The grant will support the creation and preservation of affordable housing for low-income families and economically distressed communities by attracting private capital financing. Specifically, the Capital Magnet Fund award will help finance the preservation and...
The Department of the Treasury Community Development Financial Institutions Fund awarded a $4 million Project Grant to Community First Fund under the Capital Magnet Fund program (CFDA 21.011). The grant will support Community First Fund in attracting private investment to finance affordable housing and related economic development activities that benefit low-income individuals and families. Through June 2025, Community First Fund will leverage the federal funds to increase acquisition,...
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 Finance Fund Capital Corp was awarded a $1.5 million Project Grant from the Department of the Treasury Community Development Financial Institutions Fund on February 22, 2021. The grant was awarded under the Capital Magnet Fund program (CFDA 21.011), which helps create and preserve affordable housing for low-income families, individuals, and economically distressed communities by attracting private capital. Through this award, Finance Fund Capital Corp will use the $1.5 million in grant...
The Department of the Treasury Community Development Financial Institutions Fund awarded a $24 million Project Grant to Community Builders Inc. under the Capital Magnet Fund program. Through this award, Community Builders will provide financing and support for affordable housing and related economic development activities that benefit low-income individuals and families. Specifically, the organization will use the funding to attract private investment towards acquiring, developing,...
This federal Project Grant award of $2,250,000.00 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Capital Magnet Fund (CFDA 21.011) program is intended to finance affordable housing solutions and community revitalization efforts that benefit low-income individuals, families, and communities nationwide. The award, made on October 23, 2024, provides funding to the non-profit organization Resource Housing Group, Inc. over a 20-year...