The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $9,000,000 Capital Magnet Fund (CFDA 21.011) grant to the Wisconsin Housing Preservation Corp, a nonprofit organization, on October 15, 2024. The grant will be used to finance the creation, preservation, and rehabilitation of affordable rental housing and homeownership opportunities for low-income, very low-income, and extremely low-income families. The project has a performance period that...
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 the Central Bank of Kansas City, a certified CDFI, on October 15, 2024. The grant aims to attract financing 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...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $4,500,000 Capital Magnet Fund (CFDA 21.011) project grant to Resource Housing Group, Inc. 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 related economic and community development activities. The expected outcomes include...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $15,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Mercy Community Capital, a nonprofit CDFI, on October 15, 2024. The grant will fund the organization's efforts to attract private financing and investment for the acquisition, development, rehabilitation, and preservation of affordable rental housing and homeownership opportunities for low-income, very low-income, and extremely...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $9,000,000 Capital Magnet Fund (CFDA 21.011) grant to National Church Residences, a non-profit organization, 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 over a 20-year period through 2044. The grant funding...
The U.S. 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 Legacy Bank & Trust Company, a certified CDFI, 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 people, as well as support certain related economic and community development activities. The...
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 (CSH), a national non-profit organization, 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...
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 the Greater Minnesota Housing Fund, a certified CDFI and nonprofit organization, 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...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund has awarded a $9,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Community Builders Inc., a non-profit organization, to finance the creation, preservation, and rehabilitation of affordable housing for low-income, very low-income, and extremely low-income families, as well as support related economic development activities and community service facilities. This 20-year grant, awarded on...
The U.S. 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 people, as well as support related economic and community development activities. The planned...