The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $3,375,000 Capital Magnet Fund (CFDA 21.011) project grant to Wakeland Housing & Development Corp, a nonprofit affordable housing organization. The grant will finance affordable housing solutions and community revitalization efforts that benefit low-income individuals, families, and communities nationwide over a 20-year period from October 2024 to October 2044. The funding will support the preservation, rehabilitation, and development of affordable housing units, as well as related economic development activities and community service facilities such as day care centers, workforce development centers, and healthcare clinics, with the goal of stabilizing and revitalizing underserved rural and low-income areas.
Generated 4/1/25, 4:48 AM