Project Grant 241CM066008G

Award Date 10/15/24
Completion Date 10/23/44
Dollars Obligated $14M
Federal Grant Program
21.011
Assistance Type
Project Grant
Place of Performance
United States
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This federal Project Grant award, provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund through the Capital Magnet Fund (CFDA 21.011) program, aims to attract financing for and increase investment in affordable housing for low-income, very low-income, and extremely low-income individuals and families. The $4,500,000 award, granted on October 15, 2024, will support the acquisition, development, rehabilitation, and preservation of affordable...
This Project Grant award of $18,000,000 was provided on October 15, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Capital Magnet Fund (CFDA 21.011) program. The funding is intended to attract private investment and increase the availability of affordable rental housing and homeownership opportunities for low-income, very low-income, and extremely low-income individuals and families. The awardee, Community Housing Partners Corp,...
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This federal 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 $13,500,000 to support the development, preservation, rehabilitation, and acquisition of affordable housing for low-income, very low-income, and extremely low-income families. The grant also finances related economic development activities and community service facilities in underserved urban and rural areas. The award recipient, Foundation For Affordable Rental Housing Holdings Inc., is a certified CDFI that will use the funding to attract private capital investment and increase the availability of affordable housing solutions nationwide. The performance period for this grant is from October 15, 2024 to October 23, 2044.

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