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 $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 U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $13,500,000 Capital Magnet Fund (CFDA 21.011) grant to The Community Development Trust, LP on October 15, 2024. The grant will finance the creation, preservation, and rehabilitation of affordable rental housing and homeownership opportunities for low-income, very low-income, and extremely low-income individuals and families. The funding will also support related economic and community...
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 U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $4,500,000 Capital Magnet Fund (CFDA 21.011) project grant to Resource Housing Group, 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 activities. The planned...
This Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Capital Magnet Fund (CFDA 21.011) program provides $13,000,000 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 grant recipient, Security Bancshares, Inc., is a certified CDFI that will use...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $12,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Enterprise Community Loan Fund Inc. on October 15, 2024. The grant will be used to attract private financing and increase investment in affordable housing, primarily for low-income, very low-income, and extremely low-income individuals and families. 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 Cinnaire Lending 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 planned...
The U.S. 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 the Rural Community Assistance Corporation (RCAC) on October 15, 2024. The grant will be used to attract financing for and increase investment in affordable housing for primarily low-income, very low-income, and extremely low-income individuals and families through competitive grants. The planned activities include providing...
The U.S. 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 the Low Income Investment Fund (LIIF), a certified CDFI, 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, as well as support related economic and community development...