Capital Magnet Fund

 

 

Certification https://www.cdfifund.gov/programs-training/Programs/cmf/Lists/CDFI CMF Steps/DispForm.aspx?ID=5Certification Step 11CDFI Certification/programs-training/Programs/cmf/Pages/cdfi-certification-step.aspx#step1
Applyhttps://www.cdfifund.gov/programs-training/Programs/cmf/Lists/CDFI CMF Steps/DispForm.aspx?ID=1ApplyStep 22Timeline| Application Materials/programs-training/Programs/cmf/Pages/apply-step.aspx#step2
Award Announcementhttps://www.cdfifund.gov/programs-training/Programs/cmf/Lists/CDFI CMF Steps/DispForm.aspx?ID=2Award AnnouncementStep 33Award Announcement/programs-training/Programs/cmf/Pages/award-announcement-step.aspx#step3
Closing and Disbursementhttps://www.cdfifund.gov/programs-training/Programs/cmf/Lists/CDFI CMF Steps/DispForm.aspx?ID=3Closing and DisbursementStep 44Closing and Disbursement/programs-training/Programs/cmf/Pages/closing-disbursement-step.aspx#step4
Compliance and Reportinghttps://www.cdfifund.gov/programs-training/Programs/cmf/Lists/CDFI CMF Steps/DispForm.aspx?ID=4Compliance and ReportingStep 55Compliance and Reporting/programs-training/Programs/cmf/Pages/compliance-step.aspx#step5

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U.S. Treasury Announces $142.9 Million in Awards for Affordable Housing Nationwide

February 13, 2019

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded 38 organizations $142.9 million today for the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal year 2018 round of the Capital Magnet Fund, and will support financing for the preservation, rehabilitation, development or purchase of affordable housing for low-income communities; as well as related economic development and community service facilities such as day care centers, workforce development centers and health care clinics.

"Securing affordable housing continues to be a necessity for many Americans across the country,” said CDFI Fund Director Jodie Harris. “These awards will lead to increased availability of affordable housing in both rural and urban communities. More than 25,000 affordable housing units are projected to be developed as a result of these awards.”

The 38 awardees will collectively serve 39 states, the District of Columbia, and Puerto Rico. Nine of these awardees, or 24 percent, will invest at least half of their award dollars in Rural Areas. Of the 38 awardees, 24 are Community Development Financial Institutions (CDFIs) and 14 are non-profit housing organizations. The 38 awardees were selected after a merit-based competitive review of applications submitted from 116 organizations, which requested more than $570 million in awards this round of the Capital Magnet Fund.

Jul 24, 2015

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 Related Materials

 

 

FY 2018 Capital Magnet Fund Application Review Processhttps://www.cdfifund.gov/Documents/Forms/AllItems.aspxFY 2018 Capital Magnet Fund Application Review Process Document.pdfFY 2018 Capital Magnet Fund Application Review Process20192019-02-13T05:00:00Z1941
FY 2018 Capital Magnet Fund Award Bookhttps://www.cdfifund.gov/Documents/Forms/AllItems.aspxFINAL 2018 CMF Award Book 021119.pdfFY 2018 Capital Magnet Fund Award Book20192019-02-13T05:00:00Z1942

 Past Awards

 

 

FY 2017 Capital Magnet Fund Application Evaluation Processhttps://www.cdfifund.gov/Documents/Forms/AllItems.aspxFY2017 Capital Magnet Fund Program Application Evaluation Process_3-14-2018.pdfFY 2017 Capital Magnet Fund Application Evaluation Process20182018-03-16T04:00:00ZCapital Magnet Fund;#
FY 2017 Capital Magnet Fund Award Bookhttps://www.cdfifund.gov/Documents/Forms/AllItems.aspxFinal 2017 CMF Award Book 031418.pdfFY 2017 Capital Magnet Fund Award Book20182018-03-16T04:00:00ZCapital Magnet Fund;#
FY 2016 Capital Magnet Fund Application Evaluation Processhttps://www.cdfifund.gov/Documents/Forms/AllItems.aspxFY2016 Capital Magnet Fund Program Application Evaluation Process_9-13-2016.pdfFY 2016 Capital Magnet Fund Application Evaluation Process2016Capital Magnet Fund;#

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Historical Awards Documentshttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=9Historical Awards DocumentsView our historical documents library<img alt="" src="/SiteCollectionImages/pic-highlight1.jpg" style="BORDER:0px solid;" />https://www.cdfifund.gov/Documents/Forms/Awards.aspx, /Documents/Forms/Awards.aspx

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