The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $10,500,000 Capital Magnet Fund (CFDA 21.011) project grant to the Corporation for Supportive Housing 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 certain related economic and community development...
The Rural Community Assistance Corporation (RCAC) was awarded a $2.9 million Capital Magnet Fund grant by the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The Capital Magnet Fund program aims to create and preserve affordable housing for low-income families and economically distressed communities by attracting private capital. RCAC will use the grant to support financing that preserves and rehabilitates affordable housing, consistent with...
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 Bluehub Loan Fund Inc., a certified CDFI and non-profit organization, on October 15, 2024. The grant aims 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 community development activities....
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $15,000,000 Project Grant under the Capital Magnet Fund (CFDA 21.011) program to Mercy Community Capital, a certified CDFI, on October 15, 2024. The purpose of this 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 certain related economic and community...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $6,750,000 Capital Magnet Fund (CFDA 21.011) project grant to Core TECH Capital Inc., a certified CDFI, on October 15, 2024. The grant 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. Through competitive grants, the Capital Magnet Fund provides capital to finance and support...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $18,000,000 Capital Magnet Fund (CFDA 21.011) grant to Culleywood Capital LLC, a for-profit Community Development Financial Institution, on October 15, 2024. The grant 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, as well as support certain related economic and community...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $13,200,000 Capital Magnet Fund (CFDA 21.011) grant to Midpen Housing Corporation on October 15, 2024. The purpose of this Project 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 certain related economic and community development activities. Through...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $13,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Security Bancshares, Inc. on October 15, 2024. The grant is intended 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 certain related economic and community development activities. The planned...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $10,000,000 Capital Magnet Fund (CFDA 21.011) grant to Foundation Communities, Inc. on October 15, 2024. The grant is designed 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 certain related economic and community development activities. Through competitive...
The Housing Assistance Council received a $1.478 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, the grant funds will help finance activities like the preservation and...