The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $4,500,000 Project Grant under the Capital Magnet Fund (CFDA 21.011) program to Community Builders Inc., a prominent non-profit organization focused on affordable housing development and community revitalization. The grant funding will be used by Community Builders Inc. to finance the acquisition, development, rehabilitation, and preservation of affordable rental housing and homeownership opportunities for low-income individuals and families nationwide. This funding aims to attract private investment towards affordable housing solutions and related economic development activities in underserved communities. Community Builders Inc. has previously received over $44 million in Capital Magnet Fund grants and has served as a sub-grantee to municipalities, providing services such as case management, public housing redevelopment, and affordable housing rehabilitation.
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