The Capital Magnet Fund award of $4.8 million from the Department of the Treasury's Community Development Financial Institutions Fund will support the creation and preservation of affordable housing through the Capital Magnet Fund program (CFDA 21.011). Administered by Cinnaire Lending Corporation, the grant will attract private capital to finance affordable housing for low-income families, individuals, and economically distressed communities through the preservation and rehabilitation of...
Community Housing Capital, Inc. was awarded a $2.5 million Capital Magnet Fund grant from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The Capital Magnet Fund program aims to create and preserve affordable housing for low-income families, individuals, and economically distressed communities through attracting private capital for financing preservation and rehabilitation. Under this award, Community Housing Capital will use the funds...
The $13,500,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Capital Magnet Fund (CFDA 21.011) program is intended to support the financing of affordable housing development, preservation, and rehabilitation. The grant recipient, Foundation For Affordable Rental Housing Holdings Inc., will use the funding to attract private investment and increase access to affordable rental and homeownership opportunities for...
The Corporation for Supportive Housing received a $5.5 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The grant was provided through the Capital Magnet Fund program (CFDA 21.011), which aims to create and preserve affordable housing for low-income families and economically distressed communities by leveraging private capital investments. With this award, the Corporation for Supportive Housing will...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $2.25 million Project Grant to Beneficial State Bancorp, Inc. on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). The Capital Magnet Fund award will help create and preserve affordable housing for low-income families and economically distressed communities by attracting private capital. Beneficial State Bancorp will use the grant to support financing that will support the...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $13,200,000 Capital Magnet Fund (CFDA 21.011) project grant to Midpen Housing Corporation, a nonprofit organization based in Foster City, California. The grant will be used to finance the acquisition, development, rehabilitation, and preservation of affordable rental housing and homeownership opportunities for low-income, very low-income, and extremely low-income individuals and families. The...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $10,125,000 Capital Magnet Fund (CFDA 21.011) grant to the San Francisco Housing Accelerator Fund (SFHAF), a certified CDFI organization. The purpose of the grant is to attract private investment and increase affordable housing development and preservation, primarily for low-income, very low-income, and extremely low-income individuals and families. The funding will enable SFHAF to provide...
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...
This $10,000,000.00 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Capital Magnet Fund (CFDA 21.011) program is intended to attract private financing and increase investment in affordable housing for low-income, very low-income, and extremely low-income individuals and families. The grant will support the acquisition, development, rehabilitation, and preservation of affordable rental housing and homeownership...
This $9,000,000 Capital Magnet Fund (CFDA 21.011) project grant, awarded by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund on October 15, 2024, aims to attract financing for and increase investment in affordable housing for primarily low-income, very low-income, and extremely low-income individuals and families. The grant recipient, Bluehub Loan Fund Inc., a certified CDFI and woman-owned nonprofit organization, will use the funds to finance the...