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, rehabilitating and preserving affordable rental housing and homeownership opportunities. By leveraging public and private resources, the grantee aims to increase the supply of quality affordable housing units for low-income households. There are no subrecipients associated with delivering services under this Capital Magnet Fund award.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $12.0m | 6/22/22 |