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 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 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 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 Legacy Bank & Trust Company, a certified CDFI. 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 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 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 $6,750,000 Capital Magnet Fund (CFDA 21.011) grant to CHN Housing Partners, a nonprofit affordable housing developer located in Cleveland, Ohio. The grant funding will be used to attract private investment and increase the acquisition, development, rehabilitation, and preservation of affordable rental housing and homeownership opportunities for low-income, very low-income, and extremely low-income...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $10,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Foundation Communities, Inc., a nonprofit community development corporation based in Austin, Texas. 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...
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...