Category/Topic
Economic Development, Housing
State or Federal?
Federal
Summary
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
$500,000
Max Award
$19,600,000
Total Possible Multi-Year Award
$19,600,000
# of Awards
34
Match Required?
No
Funder
Department of the Treasury Community Development Financial Institutions
Total Amount Available for All Grants
$130,883,871
Further Information

Link to Further Information
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