Capital magnet fund award
Project Grant Awarded
- Award ID
- 201CM055225G
- Recipient
-
Century Affordable Development Inc. UEI RSTSQF9ZQPM8
- Awarding agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Obligated
- $1,800,000
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
Century Affordable Development Inc. was awarded a $1.8 million Capital Magnet Fund project grant by the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The grant will support the Capital Magnet Fund program's goal of creating and preserving affordable housing for low-income families and economically distressed communities. Specifically, Century Affordable Development Inc. will use the funding to attract private capital through financing that will support the preservation and rehabilitation of affordable housing. The Capital Magnet Fund program helps qualified Community Development Financial Institutions and nonprofit housing organizations finance affordable housing through loans and investments.
Quick answers
Who received award 201CM055225G?
201CM055225G was awarded to Century Affordable Development Inc. by Community Development Financial Institutions Fund (Department of the Treasury) on February 22, 2021.
How much is award 201CM055225G worth?
$1,800,000 has been obligated on 201CM055225G.
On GovTribe
See this award's full record
- Every transaction and subaward
- The recipient's other awards and teaming partners
- Similar grant awards
- Ask GovTribe AI about this award