Capital magnet fund award
Project Grant Awarded
- Award ID
- 201CM055230G
- Recipient
-
The Virginia Community Development Fund, Inc. UEI SD2KW3ZVMQX3
- Awarding agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Obligated
- $2,250,000
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
The Virginia Community Development Fund, Inc. was awarded a $2,250,000 Capital Magnet Fund grant from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021.
The Capital Magnet Fund program aims to create and preserve affordable housing for low-income families and economically distressed communities through attracting private capital investments. The Virginia Community Development Fund will use this grant to support financing that furthers the Capital Magnet Fund's goals of preserving and rehabilitating affordable housing. Specifically, the funding will help the organization attract private investments to support these affordable housing activities for underserved communities in Virginia.
Quick answers
Who received award 201CM055230G?
201CM055230G was awarded to The Virginia Community Development Fund, Inc. by Community Development Financial Institutions Fund (Department of the Treasury) on February 22, 2021.
How much is award 201CM055230G worth?
$2,250,000 has been obligated on 201CM055230G.
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