Project Grant 241CM066037G
Award Date
10/15/24
Completion Date
10/23/44
Dollars Obligated
$18M
Federal Agency
Community Development Financial Institutions Fund
Federal Grant Program
21.011
Assistance Type
Project Grant
Place of Performance
United States
Similar Awards
The Central Bank of Kansas City received a $7 million Capital Magnet Fund award from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The award will support the Capital Magnet Fund program's goal of creating and preserving affordable housing for low-income families, individuals, and economically distressed communities. Through attracting private capital investment, the bank intends to provide financing to support the preservation and...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $9,000,000 Project Grant on October 15, 2024 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, Midwest Housing...
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 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...
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...
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 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) Program awarded a $725,000 Project Grant to Central Bancshares of Kansas City, Inc. on September 26, 2024. The purpose of this grant is to promote economic revitalization and community development through investment in and financial assistance to Community Development Financial Institutions (CDFIs). The funding will be used by Central Bancshares, a CDFI, to build its financial capacity to provide...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $12,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Enterprise Community Loan Fund Inc. on October 15, 2024. The grant will be used to attract private financing and increase investment in affordable housing, primarily for low-income, very low-income, and extremely low-income individuals and families. Planned activities include providing capital to finance and support affordable rental...