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 provide capital to finance and support the acquisition, development, rehabilitation, and preservation of affordable rental housing and homeownership opportunities. The funding is expected to leverage increased private investment in affordable housing and related economic and community development activities through December 2025.
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