The Department of the Treasury's Community Development Financial Institutions Fund awarded an $8 million Project Grant to Preservation of Affordable Housing, Inc. on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). The Capital Magnet Fund aims to create and preserve affordable housing for low-income families, individuals, and economically distressed communities by attracting private capital. Preservation of Affordable Housing, Inc. will use the grant to support financing...
The federal Project Grant award, ID 241CM066016G, was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Capital Magnet Fund (CFDA 21.011) program. The $4,500,000.00 grant was awarded on October 23, 2024 to Preservation of Affordable Housing, Inc. (POAH), a national nonprofit organization, to finance affordable housing solutions and community revitalization efforts that benefit low-income individuals and families nationwide. The...
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's Community Development Financial Institutions Fund awarded a $24 million Project Grant to Humangood Affordable Housing through the Capital Magnet Fund program. The grant will support increasing affordable housing opportunities for low-income individuals and families through 2021 by attracting private financing for acquisition, development, rehabilitation and preservation of affordable rental and homeownership options. As outlined in the Capital Magnet Fund...
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 and...
The federal Project Grant award, provided by 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 finance affordable housing solutions and community revitalization efforts that benefit low-income individuals, families, and communities nationwide. The $2,250,000.00 award, granted to Resource Housing Group, Inc. on October 23, 2024, will be used to create and preserve affordable housing,...
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 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 Housing Partnership Fund, Inc. was awarded an $8.1 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 the Housing Partnership Fund's efforts to attract private investment in affordable housing and related economic development activities that benefit low-income individuals and families through June 2025. Specifically, the Capital Magnet Fund grant capital will be used to...
The federal Project Grant award of $6,750,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Capital Magnet Fund (CFDA 21.011) program. The grant was awarded on October 23, 2024 to the Foundation For Affordable Rental Housing Holdings Inc., a nonprofit organization, to finance affordable housing solutions and community revitalization efforts that benefit low-income individuals and families nationwide. The grant is intended...