The Department of the Treasury's Community Development Financial Institutions Fund awarded Mission First Housing Development Corporation $4.8 million under the Capital Magnet Fund program on February 22, 2021. The Capital Magnet Fund (CFDA 21.011) helps create and preserve affordable housing for low-income families and economically distressed communities by attracting private capital. Mission First will use the award to support financing that will preserve and rehabilitate affordable housing consistent with the program's purpose of attracting private investment to expand the supply of housing for low-income residents.
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