Fiscal Year 2020 Capital Magnet Fund Program
Closed Posted
- Opportunity number
- CDFI-2020-CMF
- Agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Applications due
- Award size
- $500,000 to $26,000,000
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 health care 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.
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