Economic Development, Housing
State or Federal?
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.
Eligible Entities
Nonprofit Organizations
Eligibility Notes
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.
Most Recent/Current Due Date
Jul 26, 2019
Most Recent RFP Release Date
Jun 24, 2019
Min Award
Max Award
Total Possible Multi-Year Award
# of Awards
Match Required?
Department of the Treasury Community Development Financial Institutions
Total Amount Available for All Grants
Further Information

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