Project Grant 241CM066016G

Award Date 10/15/24
Completion Date 10/23/44
Dollars Obligated $9M
Federal Grant Program
21.011
Assistance Type
Project Grant
Place of Performance
United States
Similar Awards
The Department of the Treasury's Community Development Financial Institutions Fund awarded an $8 million Project Grant to Preservation of Affordable Housing, Inc. on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). The Capital Magnet Fund aims to create and preserve affordable housing for low-income families, individuals, and economically distressed communities by attracting private capital. Preservation of Affordable Housing, Inc. will use the grant to support financing...
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 $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 Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $3,000,000 Capital Magnet Fund (CFDA 21.011) project grant to The Housing Partnership Fund, Inc., a non-profit community development financial institution located in Boston, Massachusetts. 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...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $10,125,000 Capital Magnet Fund (CFDA 21.011) grant to the San Francisco Housing Accelerator Fund (SFHAF), a certified CDFI. The grant funding will be used to 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 grant will also support...
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 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 $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 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 Mercy Community Capital, a nonprofit community development financial institution, 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 people, as well as support certain related economic and...
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 $9,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Preservation of Affordable Housing, Inc. (POAH) 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 people, as well as support related economic and community development activities. The planned activities involve providing capital through competitive grants to finance and support affordable housing and related economic development. The expected outcomes include increased private investment in the acquisition, development, rehabilitation, and preservation of affordable rental housing and homeownership. The grant will benefit certified CDFIs, private nonprofit housing organizations, public nonprofit institutions/organizations, and low-income, very low-income, and extremely low-income individuals and families.

Generated 8/5/25, 6:28 AM