The Massachusetts Housing Finance Agency (MassHousing) received a $5.8 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 attracting private capital. Under the award, MassHousing will support financing to...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $3,000,000 Capital Magnet Fund (CFDA 21.011) project grant to The Housing Partnership Fund, Inc., a non-profit community development financial institution located in Boston, Massachusetts. The purpose of the grant is to attract financing for and increase investment in affordable housing, primarily for low-income, very low-income, and extremely low-income individuals and families, as well as...
The Vermont Housing Finance Agency (VHFA) was awarded a $9,000,000 Project Grant under the U.S. Department of the Treasury's Capital Magnet Fund (CFDA 21.011) program. The purpose of the grant is to attract private financing and increase investment in affordable housing for low-income, very low-income, and extremely low-income individuals and families. VHFA, a certified Community Development Financial Institution (CDFI), will use the 20-year grant to provide capital to finance and support the...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $13,500,000 Capital Magnet Fund (CFDA 21.011) project grant to Foundation For Affordable Rental Housing Holdings Inc. on October 15, 2024. The purpose of the grant is to attract financing for and increase investment in affordable housing for primarily low-income, very low-income, and extremely low-income individuals and families, as well as support related economic and community development...
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 Rhode Island Housing received a $5.5 million Capital Magnet Fund award on February 22, 2021 from the Department of the Treasury Community Development Financial Institutions Fund. The funding will support the Capital Magnet Fund program, which aims to create and preserve affordable housing for low-income families, individuals, and economically distressed communities through attracting private capital for financing related to housing preservation and rehabilitation. Specifically, the grant...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $9,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Mission First Housing Development Corporation on October 15, 2024. The purpose of the grant is to attract financing for and increase investment in affordable housing for primarily low-income, very low-income, and extremely low-income individuals and families, as well as support related economic and community development activities....
The federal Project Grant award, funded by the Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Capital Magnet Fund (CFDA 21.011) program, is intended to attract financing for and increase investment in affordable housing for primarily low-income, very low-income, and extremely low-income individuals and families. The $10,500,000 grant, awarded on October 15, 2024, will enable the recipient organization, Corporation for Supportive Housing, to...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $9,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Preservation of Affordable Housing, Inc. (POAH) on October 15, 2024. The purpose of the grant is to attract financing for and increase investment in affordable housing for primarily low-income, very low-income, and extremely low-income people, as well as support related economic and community development activities. The planned...
Home Headquarters Inc. received a $1 million Capital Magnet Fund award from the Department of the Treasury Community Development Financial Institutions Fund on February 22, 2021. The award was provided through the Capital Magnet Fund program (CFDA 21.011), which aims to create and preserve affordable housing for low-income families, individuals, and economically distressed communities by attracting private capital. Funds will support financing to preserve, rehabilitate and develop affordable...