Project Grant 201CM055225G

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.