Project Grant 201CM055187G

Award Date 2/22/21
Completion Date Not listed
Dollars Obligated $7M
Federal Grant Program
21.011
Assistance Type
Project Grant
Place of Performance
United States
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The Central Bank of Kansas City received a $7 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 investment, the bank intends to provide financing to support the preservation and rehabilitation of affordable housing using the grant funds. No further details were provided on specific housing projects or initiatives to be supported.

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