Capital magnet fund award
Project Grant Awarded
- Award ID
- 201CM055300G
- Recipient
-
Self-Help Credit Union UEI MQJYHMUTCXE9
- 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
Self-Help Credit Union received a $5.25 million Capital Magnet Fund award from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The funding will support the Capital Magnet Fund program's goal of creating and preserving affordable housing for low-income families and economically distressed communities. As outlined in the program's description under the Catalog of Federal Domestic Assistance, the grant capital will be used to attract private investment that finances affordable housing preservation and rehabilitation. Self-Help Credit Union will leverage the federal funding to increase affordable housing opportunities through public-private partnerships.
Quick answers
Who received award 201CM055300G?
201CM055300G was awarded to Self-Help Credit Union by Community Development Financial Institutions Fund (Department of the Treasury) on February 22, 2021.
How much is award 201CM055300G worth?
$5,250,000 has been obligated on 201CM055300G.
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