Capital magnet fund award
Project Grant Awarded
- Award ID
- 201CM055349G
- Recipient
-
Evernorth Loan Fund Inc. UEI J6FTDHAHDGA9
- Awarding agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Obligated
- $950,000
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
Evernorth Loan Fund Inc. was awarded a $950,000 Project Grant from the Department of the Treasury 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 and economically distressed communities by attracting private capital.
Under this award, Evernorth Loan Fund Inc. will use the $950,000 in grant funds to support financing that will preserve, rehabilitate, and develop affordable housing through attracting private capital investment. The Capital Magnet Fund program aims to increase the supply of affordable housing through public and private sector partnerships.
Quick answers
Who received award 201CM055349G?
201CM055349G was awarded to Evernorth Loan Fund Inc. by Community Development Financial Institutions Fund (Department of the Treasury) on February 22, 2021.
How much is award 201CM055349G worth?
$950,000 has been obligated on 201CM055349G.
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