The Department of the Treasury Community Development Financial Institutions Fund awarded a $5.5 million Project Grant to Bluehub Loan Fund Inc. on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). The Capital Magnet Fund program aims to create and preserve affordable housing for low-income families, individuals, and economically distressed communities by attracting private capital. Bluehub Loan Fund Inc. will use the $5.5 million award to support financing that furthers this...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $4,500,000 Capital Magnet Fund (CFDA 21.011) grant to Bluehub Loan Fund Inc., a woman-owned, non-profit CDFI located in Boston, Massachusetts. The grant will be used to finance affordable housing development, preservation, and rehabilitation, as well as related economic development activities in underserved urban and rural areas. As a certified CDFI, Bluehub Loan Fund Inc. specializes in...
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 Community Development Trust, LP, a certified Community Development Financial Institution (CDFI), was awarded a $6,750,000 Capital Magnet Fund (CFDA 21.011) grant from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund on October 23, 2024. This project grant will be used to finance affordable housing solutions and community revitalization efforts that benefit low-income individuals, families, and communities nationwide. The funding is intended to...
The Department of the Treasury Community Development Financial Institutions Fund awarded a $12 million Project Grant to Beneficial State Bancorp, Inc. under the Capital Magnet Fund program (CFDA 21.011). The grant will support the creation and preservation of affordable housing for low-income individuals and families through June 2025. Through competitive subawards, the Capital Magnet Fund provides capital to finance affordable housing acquisition, development, rehabilitation and homeownership...
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 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 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...
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 Midwest Housing Development Fund, 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 aims to attract private investment and increase affordable housing for low-income individuals and families through competitive awards. The Capital Magnet Fund provides capital to finance and support affordable rental and homeownership housing as well as related...