The Massachusetts Housing Finance Agency (MassHousing) was awarded a $18,000,000 Project Grant on October 15, 2024 under the U.S. Department of the Treasury's Capital Magnet Fund (CFDA 21.011) program. The grant will support a 20-year project period focused on attracting financing for and increasing investment in affordable housing for primarily low-income, very low-income, and extremely low-income individuals and families. Planned activities include providing capital to finance and support...
The Virginia Community Development Fund, Inc. was awarded a $2,250,000 Capital Magnet Fund grant 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 and economically distressed communities through attracting private capital investments. The Virginia Community Development Fund will use this grant to support financing that furthers the...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $3.75 million Project Grant to Habitat for Humanity International Inc. on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). The grant will support the creation and preservation of affordable housing for low-income families and economically distressed communities by attracting private capital financing. Specifically, the Capital Magnet Fund award will help finance the preservation and...
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 U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $18,000,000 Capital Magnet Fund (CFDA 21.011) grant to Community Housing Partners Corp on October 15, 2024. The grant will finance the creation, preservation, and rehabilitation of affordable housing for low-income, very low-income, and extremely low-income families, as well as support related economic development activities and community service facilities in underserved urban and rural...
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...
The Housing Assistance Council received a $1.478 million Capital Magnet Fund award from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The award will support the Capital Magnet Fund program's goal of creating and preserving affordable housing for low-income families, individuals, and economically distressed communities. Through attracting private capital, the grant funds will help finance activities like the preservation 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 U.S. Department of Housing and Urban Development (HUD) awarded a $3,144,833.37 Housing Trust Fund (CFDA 14.275) formula grant to the Vermont Housing And Conservation Board. The purpose of this federal grant program is to expand and preserve affordable rental housing for extremely low-income and very low-income households. Under this award, the grantee must use at least 80% of the funds for rental housing activities, with up to 10% allowed for homeownership assistance and 10% for...
Community Housing Capital, Inc. was awarded a $2.5 million Capital Magnet Fund grant 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 preservation and rehabilitation. Under this award, Community Housing Capital will use the funds...