The Volunteers of America National Services received a $4.5 million Capital Magnet Fund award from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The award will support the Capital Magnet Fund program's goal of creating and preserving affordable housing for low-income families, individuals, and economically distressed communities. Through attracting private capital, the grant funds will help finance activities like the preservation and...
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 Department of the Treasury Community Development Financial Institutions Fund awarded a $7.4 million Project Grant to the Community Loan Fund of the Capital Region, Inc. under the Capital Magnet Fund program. Through this award, the Community Loan Fund will provide capital to finance affordable housing and related economic development activities for low-income individuals and families. Specifically, the organization will use the funding to attract private investment towards the acquisition,...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $3 million Project Grant to the Community Enhancement Corporation through the Capital Magnet Fund program. The grant will support the Corporation in attracting private investment to finance affordable housing and related economic development activities that benefit low-income individuals and families through June 2025. Specifically, the Corporation will competitively award capital grants to...
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 Virginia Community Development Fund, Inc. was awarded a $2,250,000 Capital Magnet Fund grant from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The Capital Magnet Fund program aims to create and preserve affordable housing for low-income families and economically distressed communities through attracting private capital investments. The Virginia Community Development Fund will use this grant to support financing that furthers the...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $10 million Project Grant to Arlington Partnership For Affordable Housing, Inc. under the Capital Magnet Fund program. The grant will support increasing private investment in affordable housing and related economic development activities for low-income individuals and families through June 2025. Specifically, the Capital Magnet Fund grant capital will be used to attract private financing and support...
Community Housing Capital, Inc. was awarded a $2.5 million Capital Magnet Fund grant from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The Capital Magnet Fund program aims to create and preserve affordable housing for low-income families, individuals, and economically distressed communities through attracting private capital for financing preservation and rehabilitation. Under this award, Community Housing Capital will use the funds...
The Corporation for Supportive Housing received a $5.5 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The grant was provided through the Capital Magnet Fund program (CFDA 21.011), which aims to create and preserve affordable housing for low-income families and economically distressed communities by leveraging private capital investments. With this award, the Corporation for Supportive Housing will...
The City First Enterprises Inc. was awarded an $8.15 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 increasing private investment in affordable housing for low-income individuals and families through June 2025. Through competitive subawards, the Capital Magnet Fund provides capital to finance and support the acquisition, development, rehabilitation, and preservation of...