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.
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