The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $4,500,000 Project Grant under the Capital Magnet Fund (CFDA 21.011) program to National Church Residences, a non-profit organization. The grant will finance affordable housing solutions and community revitalization efforts that benefit low-income individuals, families, and communities nationwide. Specifically, the award will support the construction and preservation of affordable housing units, as well as related economic development activities and community service facilities such as day care centers, workforce development centers, and healthcare clinics. National Church Residences also partners with other non-profit organizations and government agencies to provide permanent supportive housing and services for homeless and low-income populations through sub-awards originating from the Department of Housing and Urban Development's Continuum of Care grants.
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