The Wisconsin Housing Preservation Corporation received a $4.75 million Capital Magnet Fund award 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. Under this Project Grant, the Corporation will use the funds to support financing...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $9,000,000 Project Grant on October 15, 2024 under the Capital Magnet Fund (CFDA 21.011) program. 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 support related economic and community development activities. The grantee, Midwest Housing...
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 U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $6,750,000 Capital Magnet Fund (CFDA 21.011) project grant to Wakeland Housing & Development Corp on October 15, 2024. The grant aims to attract financing for and increase investment in affordable housing, primarily for low-income, very low-income, and extremely low-income individuals and families. The planned activities include providing capital to finance and support affordable rental...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $15,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Mercy Community Capital, a nonprofit community development financial institution, 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 certain related economic and...
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 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 Impact Development Fund, a certified CDFI and non-profit organization, on October 15, 2024. The grant will be used to attract private investment and increase affordable housing for low-income, very low-income, and extremely low-income individuals and families through the acquisition, development, rehabilitation, and preservation of...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $18,000,000 Capital Magnet Fund (CFDA 21.011) project grant to United Bank, a certified CDFI. The purpose of the grant is to attract financing for and increase investment in affordable housing for low-income, very low-income, and extremely low-income individuals and families, as well as support related economic and community development activities. The planned activities include providing...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $7,500,000 Capital Magnet Fund (CFDA 21.011) project grant to Wesley Housing Development Corporation. The purpose of this 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 expected outcomes...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $10,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Foundation Communities, Inc., a nonprofit community development corporation based in Austin, Texas. 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...