Capital magnet fund award

The Department of the Treasury's Community Development Financial Institutions Fund awarded a $2.9 million Project Grant to The Affordable Housing Trust For Columbus And Franklin County on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). The grant will help create and preserve affordable housing for low-income families, individuals, and economically distressed communities in the United States by attracting private capital financing. As the official description notes, the Capital Magnet Fund is intended to support financing for the preservation, rehabilitation and development of affordable housing through specialized financial institutions and community development organizations. The full $2.9 million in funding will support these efforts by the Affordable Housing Trust.