This federal Project Grant award of $6,750,000 was provided 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 grant's purpose is to attract financing 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 involve...
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 $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...
This Project Grant award of $2,000,000 was provided 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 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, Home...
The federal Project Grant award, funded by the Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Capital Magnet Fund (CFDA 21.011) program, is intended to attract financing for and increase investment in affordable housing for primarily low-income, very low-income, and extremely low-income individuals and families. The $10,500,000 grant, awarded on October 15, 2024, will enable the recipient organization, Corporation for Supportive Housing, to...
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 of $9,000,000 was provided 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 grant's purpose 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 related economic and community development activities. The planned activities involve providing...
The federal Project Grant award of $9,000,000 was provided 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 primary 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 awardee, 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 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...