Capital magnet fund award
Project Grant Awarded
- Award ID
- 201CM055251G
- Recipient
-
The Community Builders, Inc. UEI CNSXFJMFCTD1
- Awarding agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Obligated
- $5,250,000
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
Community Builders Inc. was awarded a $5.25 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The grant was awarded under the Capital Magnet Fund program (CFDA 21.011), which helps create and preserve affordable housing for low-income families, individuals and economically distressed communities by attracting private capital.
Under this award, Community Builders Inc. will use the $5.25 million to support financing that will preserve and rehabilitate affordable housing consistent with the Capital Magnet Fund's purpose of attracting private investments that expand the supply of housing for low-income households.
Quick answers
Who received award 201CM055251G?
201CM055251G was awarded to The Community Builders, Inc. by Community Development Financial Institutions Fund (Department of the Treasury) on February 22, 2021.
How much is award 201CM055251G worth?
$5,250,000 has been obligated on 201CM055251G.
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