The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $9,000,000 Project Grant to Culleywood Capital LLC, a for-profit CDFI, under the Capital Magnet Fund (CFDA 21.011) program. The grant funding will be used by Culleywood Capital to finance affordable housing development, preservation, and rehabilitation projects benefiting extremely low-, very low-, and low-income families nationwide. The award will also support related economic development activities and community service facilities such as day care centers, workforce development centers, and healthcare clinics in low-income and underserved rural areas, with the goal of stabilizing and revitalizing these communities. The grant has a project period of 20 years, from October 23, 2024 to October 23, 2044.
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