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.
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