This federal Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, under the Capital Magnet Fund program (CFDA 21.011), provides $5,000,000 to Foundation Communities, Inc. to finance affordable housing development, preservation, and rehabilitation for extremely low-, very low-, and low-income families. In addition to housing initiatives, the funding will support related economic development activities and community service...
The Foundation For Affordable Rental Housing Holdings Inc. was awarded a $12 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Capital Magnet Fund program (CFDA 21.011).
The grant will support the Foundation's efforts to attract private financing and increase investment in affordable housing for low-income, very low-income, and extremely low-income individuals and families. Through competitive subgrants, the Foundation will...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $6,750,000 Capital Magnet Fund (CFDA 21.011) project grant to Foundation For Affordable Rental Housing Holdings Inc. on October 23, 2024. The grant will finance affordable housing solutions and community revitalization efforts that benefit low-income individuals and families nationwide over a 20-year project period ending October 23, 2044. The funding will support the preservation,...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $12 million Project Grant to the National Housing Trust Community Development Fund through the Capital Magnet Fund program. The grant will support the creation and preservation of affordable housing for low-income individuals and families through increased private investment in acquisition, development, rehabilitation, and preservation of affordable rental and homeownership housing. Activities will be...
The Department of the Treasury Community Development Financial Institutions Fund awarded a $24 million Project Grant to Community Builders Inc. under the Capital Magnet Fund program. Through this award, Community Builders will provide financing and support for affordable housing and related economic development activities that benefit low-income individuals and families. Specifically, the organization will use the funding to attract private investment towards acquiring, developing,...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $3 million Project Grant to the Community Enhancement Corporation through the Capital Magnet Fund program.
The grant will support the Corporation in attracting private investment to finance affordable housing and related economic development activities that benefit low-income individuals and families through June 2025. Specifically, the Corporation will competitively award capital grants to...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $10 million Project Grant to Arlington Partnership For Affordable Housing, Inc. under the Capital Magnet Fund program. The grant will support increasing private investment in affordable housing and related economic development activities for low-income individuals and families through June 2025.
Specifically, the Capital Magnet Fund grant capital will be used to attract private financing and support...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $3.75 million Project Grant to Habitat for Humanity International Inc. on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). The grant will support the creation and preservation of affordable housing for low-income families and economically distressed communities by attracting private capital financing. Specifically, the Capital Magnet Fund award will help finance the preservation...
The Corporation for Supportive Housing (CSH) was awarded a $12 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Capital Magnet Fund program.
The grant will support CSH in increasing private investment in affordable housing for low-income individuals and families through competitive subawards from June 2022 through December 2025. Specifically, CSH will use the funding to finance the acquisition, development, rehabilitation,...
The City First Enterprises Inc. was awarded an $8.15 million project grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Capital Magnet Fund program. The grant will support increasing private investment in affordable housing for low-income individuals and families through June 2025.
Through competitive subawards, the Capital Magnet Fund provides capital to finance and support the acquisition, development, rehabilitation, and preservation of...