Step 2: Application Process
The Notice of Funds Availability (NOFA), instructions, and supplemental materials for the FY 2023 round of the Capital Magnet Fund (CMF) program are below. These materials are intended to help you understand how to apply for a Capital Magnet Fund Award. The application materials listed on this page and the requirements set forth in the NOFA are subject to change for future funding rounds.
Applicants for CMF are required to submit materials through Grants.gov (SF-424) and the CDFI Fund’s Award Management Information System (AMIS). Applicants are advised to review the NOFA, Application Instructions and related materials below. Applicants are also advised to submit their SF-424 in Grants.gov and create an organizational AMIS account, if they don’t have one already.
CAPITAL MAGNET FUND OVERVIEW PRESENTATIONS
For those preparing to apply for the FY 2023 application round, the Capital Magnet Fund team held a pre-application information session on December 5, 2022. The presentation and a recording of the session is available below.
Getting Ready to Apply to the FY 2023 Capital Magnet Fund Round blog post
Additionally, the following six modules provide an overview of various Capital Magnet Fund program topics:
Module 2: Capital Magnet Fund Eligibility & Program Requirements
Module 3: Attracting Capital Through the Capital Magnet Fund
FY 2023 APPLICATION ROUND TIMELINE
|January 18, 2023||Opening of Application Round|
|February 23, 2023
(11:59 PM ET)
|Deadline for Online submission of SF-424 via Grants.gov|
|February 23, 2023 (11:59 PM ET)||Deadline to Create Organizational Account in AMIS|
|February 23, 2023 (11:59 PM ET)||Date by which Applicants are asked to submit a Service Request in AMIS notifying the CMF Program of the organization’s intent to apply using the Consortium Approach.|
|March 17, 2023
(5:00 PM ET)
|Last Day to Contact the CDFI Fund with Application Questions|
|March 21, 2023
(5:00 PM ET)
|Last Day to Contact the AMIS-IT Help Desk (regarding AMIS technical problems only)|
|March 21, 2023 (11:59 PM ET)||Deadline of Application Submission and all Attachments in AMIS|
|Fall 2023||FY 2023 Capital Magnet Fund Awards Announced|
FY 2023 APPLICATION WEBINARS
The CDFI Fund will conduct five live webinars to answer applicant questions about the FY 2023 Capital Magnet Fund Application. More information about how to access the webinars is available below.
All webinars will take place on Zoom. Use the links below to register in advance for the webinars or access the webinars by clicking the links below five minutes before the webinars begin. Each webinar has a unique link. Advance registration is recommended but not required to participate in the webinars. Webinar presentations and recordings will be posted after the live webinar.
|Webinar Topic||Date and Time||Registration/Access Link|
|Webinar: Consortium Approach||Completed|
|Webinar: Housing Developers/Managers Entity Approach||Completed|
|Webinar: Financing Entity Approach||Completed|
|Q&A Session: Consortium Approach Applicants||Completed|
|Q&A Session: All Applicants||Completed||Access Webinar Recording|
|AMIS Application Demonstration (Pre-Recorded)||Pre-Recorded||Access Webinar Recording|
FY 2023 APPLICATION MATERIALS
Questions regarding the Capital Magnet Fund program may be directed to the CDFI Fund by submitting a Service Request from your Awards Management Information System (AMIS) account. Non-AMIS users may contact the CDFI Fund’s Help Desk by e-mail to email@example.com; or by phone to (202) 653-0421. Please note this is not a toll free number.