Interested in applying to the upcoming fiscal year (FY) 2020 funding round for the Capital Magnet Fund? You may find the following information helpful in getting started. The CDFI Fund is tentatively planning to open the FY 2020 application round in late spring 2020.
CDFI FUND IMPACT BLOG
The Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to publish the Notice of Funds Availability (NOFA) and application for the FY 2019 Capital Magnet Fund round in the summer of 2019. Up to $130.8 million is expected to be available for
Los Angeles' Vermont Knolls neighborhood is a high-need community of approximately 22,000 residents of which nearly one-third have incomes under the federal poverty level. Fifty-five percent of residents have less than a high school diploma, which results in limited job and