To attract financing for and increase investment in affordable housing for primarily low income, very low income, and extremely low income people and for certain related economic and community…
Active Project Grant Awarded Last action
- Award ID
- 241CM066050G
- Recipient
-
Eden Housing, Inc. UEI DH92M43VTTB8
- Awarding agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Obligated
- $18,000,000
Award facts
- Assistance listing
- 21.011 Capital Magnet Fund
- Completion date 10% complete
- Originally
- Place of performance
- United States
Award details come from USAspending.gov.
Description
To attract financing for and increase investment in affordable housing for primarily low income, very low income, and extremely low income people and for certain related economic and community development activities. Planned activities: through competitive grants, the capital magnet fund (CMF) provides capital to finance and support affordable housing and related economic development. End goals: expected outcomes include increased private investment in the acquisition, development, rehabilitation, and preservation of affordable rental housing and homeownership. Beneficiaries: certified community development financial institution; private nonprofit housing organizations, public nonprofit institution/organization. Low income, very low income, and extremely low income individuals and families as set forth in 12 C.F.R. Part 1807, as amended. Subrecipients: there are no subrecipients for this program. Broadband: not applicable. Reason/purpose of modification: not applicable.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Amendment | $0 | |
| Amendment | $9,000,000 | |
| Original award | $9,000,000 |
Quick answers
Who received award 241CM066050G?
241CM066050G was awarded to Eden Housing, Inc. by Community Development Financial Institutions Fund (Department of the Treasury) on October 15, 2024.
How much is award 241CM066050G worth?
$18,000,000 has been obligated on 241CM066050G.
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