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 $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...
The 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 Foundation For Affordable Rental Housing Holdings Inc. 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...
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) grant to The Community Development Trust, LP on October 15, 2024. The grant will finance the creation, preservation, and rehabilitation of affordable rental housing and homeownership opportunities for low-income, very low-income, and extremely low-income individuals and families. The funding will also support related economic and community...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $3.75 million Project Grant to Habitat for Humanity International Inc. on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). The grant will support the creation and preservation of affordable housing for low-income families and economically distressed communities by attracting private capital financing. Specifically, the Capital Magnet Fund award will help finance the preservation and...
The U.S. 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 Wakeland Housing & Development Corp on October 15, 2024. The grant aims to attract financing for and increase investment in affordable housing, primarily for low-income, very low-income, and extremely low-income individuals and families. The planned activities include providing capital to finance and support affordable rental...
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...
This Project Grant award of $4,000,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, under the Capital Magnet Fund (CFDA 21.011) program, 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. The planned activities involve providing competitive grants to certified CDFIs and nonprofit housing organizations to finance the...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $7,500,000 Capital Magnet Fund (CFDA 21.011) project grant to Wesley Housing Development Corporation. 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 related economic and community development activities. The expected outcomes...