Fiscal Year 2019 Capital Magnet Fund Program
Closed Posted
- Opportunity number
- CDFI-2019-CMF
- Agency
-
Department of the Treasury
- Applications due
- Award size
- Not on record
Opportunity facts
- Assistance listings
-
- 21.011 Capital Magnet Fund
- Funding instrument
- Grant
- Category
-
- Community Development
- Eligible applicants
-
- Other
- Full announcement
Opportunity details come from Grants.gov. Updated .
Synopsis
The CDFI Fund awards Capital Magnet Fund grants to certified Community Development Financial Institutions (CDFIs) and certain nonprofit organizations to finance: (1) the development, preservation, rehabilitation, or purchase of affordable housing for primarily extremely low-, very low-, and low-income families; and (2) economic development activities or community service facilities, such as day care centers, workforce development centers, and healthcare clinics, which in conjunction with affordable housing activities implement a concerted strategy to stabilize or revitalize a low-income area or underserved rural area. CMF's award ceiling is 15% of Total Program Funding. Additional details on Application requirements are available on the CDFI Fund's website.
Eligibility
Applicants must be (1) a Treasury certified CDFI; or (2) a nonprofit organization having as one of its principal purposes the development or management of affordable housing. An applicant must provide information necessary to establish that it is an eligible organization in order to apply for assistance. This information is included as part of the application materials.
Files
| File | Type | Posted |
|---|---|---|
| PKG00252300-instructions.pdf |
On GovTribe
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