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CFDA 21.011  ·  retired  ·  Funded this fiscal year

Capital Magnet Fund

COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS  ·  TREASURY, DEPARTMENT OF THE  ·  Program page ↗

Objective

The Capital Magnet Fund helps to create and preserve affordable housing for low-income families, individuals, and economically distressed communities by attracting private capital. Grants are used to support financing for the preservation, rehabilitation, development or purchase of affordable housing as well as select related economic development and community facilities that serve residents of these communities.

Who Can Apply

  • For-Profit Organization

Applicants must be either (a) a Treasury certified CDFI; or (b) a nonprofit organization having as one of its principal purposes the development or management of affordable housing.

Who Benefits

  • Private nonprofit institution/organization
  • Public nonprofit institution/organization

Low income, very low-income, and extremely low-income people as set forth in 12 C.F.R. Part 1807.

Assistance Types

  • Grant

Program Contact

cmf@cdfi.treas.gov
(202) 653-0300