The Massachusetts Housing Finance Agency (MassHousing) received a $5.8 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The grant was provided through the Capital Magnet Fund program (CFDA 21.011), which aims to create and preserve affordable housing for low-income families and economically distressed communities by attracting private capital. Under the award, MassHousing will support financing to preserve, rehabilitate and develop affordable housing through the Capital Magnet Fund's model of attracting private sector capital for community development and affordable housing projects. The grant funding will be used to finance projects that will benefit low-income communities in the United States.
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