This $1,350,000 federal Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) supports the Raza Development Fund Inc. (RDF), a Phoenix-based nonprofit Community Development Financial Institution, in delivering financial services, loans, investments, and technical assistance to underserved Latino and low-income communities across the United States. The grant, awarded on September 26, 2024, with a final completion...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Raza Development Fund Inc. (RDF), doing business as RDF, a $1,826,265 Project Grant under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The CDFI RRP aims to support Community Development Financial Institutions' (CDFIs) ability to address the economic impacts of the coronavirus pandemic. Through this award made on June 15, 2021 and concluding...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $20 million Project Grant to Impact Development Fund under the Capital Magnet Fund program. The grant will support Impact Development Fund in attracting private investment to finance affordable housing and related economic development activities that benefit low-income individuals and families through December 2025. Specifically, Impact Development Fund will use the grant to provide competitive awards to...
The federal Project Grant award of $2,250,000.00 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 is intended to finance affordable housing solutions and community revitalization efforts that benefit low-income individuals, families, and communities nationwide. The award was made to Resource Housing Group, Inc., a non-profit organization, on October 23, 2024, with a...
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) grant to The Community Development Trust, LP on October 23, 2024. The grant is designed to finance affordable housing solutions and community revitalization efforts that benefit low-income individuals, families, and communities nationwide. As a certified CDFI, The Community Development Trust will use the funding to attract private capital...
The $2,000,000 Capital Magnet Fund (CFDA 21.011) grant awarded to National Community Renaissance of California by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund on October 23, 2024 will finance affordable housing development, preservation, and rehabilitation initiatives that benefit extremely low-, very low-, and low-income families and communities nationwide over a 20-year period. As a certified CDFI and non-profit affordable housing organization,...
The federal Project Grant award of $6,750,000 was provided by the Department of the Treasury's Community Development Financial Institutions (CDFI) Fund through the Capital Magnet Fund (CFDA 21.011) program. The funding will support the Rural Community Assistance Corporation (RCAC), a nonprofit community development corporation, in financing affordable housing solutions and community revitalization efforts that benefit low-income individuals, families, and communities nationwide. The 20-year...
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 federal Project Grant award of $1,500,000 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. This grant is intended to support the financing of affordable housing development, preservation, and rehabilitation that benefits low-income families and communities across the United States. The primary products and services to be delivered through this award include providing loans,...
The Housing Development Fund Inc., a woman-owned non-profit organization and certified Community Development Financial Institution (CDFI), was awarded a $1,100,000 Project Grant from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020). This grant, with an award date of September 26, 2024 and a completion date of June 30, 2028, will enable the organization to promote economic revitalization and community development in underserved...