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 Mission First Housing Development Corporation 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 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 $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 U.S. 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 the Rural Community Assistance Corporation (RCAC) on October 15, 2024. The grant will be used to attract financing for and increase investment in affordable housing for primarily low-income, very low-income, and extremely low-income individuals and families through competitive grants. The planned activities include providing...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $4,000,000 Capital Magnet Fund (CFDA 21.011) project grant to National Community Renaissance of California on October 15, 2024. The purpose of this 20-year 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...
This Project Grant award of $4,000,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, under the Capital Magnet Fund (CFDA 21.011) program, aims 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 planned activities involve providing competitive grants to certified CDFIs and nonprofit housing organizations to finance the...
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...