Capital Magnet Fund

Step 2: Application Process

The Notice of Funds Availability (NOFA), instructions, and supplemental materials for the FY 2021 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 (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 and create an organizational AMIS account, if they don’t have one already.


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.

Additionally, the following six modules provide an overview of various Capital Magnet Fund program topics:


Date Description
September 9, 2021 Opening of Application Round
October 12, 2021 (11:59 PM ET) Deadline for Online submission of SF-424 via
October 12, 2021 (11:59 PM ET) Deadline to Create Organizational Account in AMIS
November 4, 2021 (5:00 PM ET) Last Day to Contact the CDFI Fund with Application Questions
November 9, 2021 (5:00 PM ET) Deadline of Application Submission and all Attachments in AMIS
June 22, 2022 FY 2021 Capital Magnet Fund Awards Announced



The CDFI Fund will conduct three webinars to answer applicant questions about the FY 2021 Capital Magnet Fund Application. More information about how to access the webinars is available below.

Advance registration is not required to participate in the webinars. Access the webinars by clicking the below links 5 minutes before the webinars begin. Viewing these webinars requires the use of WebEx. To download the WebEx Event Manager, see the instructions on Verizon's WebEx Downloads page.

Webinar Topic Date and Time Conference Line Access Link
Application Webinar: Affordable Housing Developers/Managers Approach September 22, 2021
2:00-4:00 PM ET

Webinar Completed

Access Webinar Recording

View Presentation

Application Webinar: Financing Entities Approach September 28, 2021
2:00-4:00 PM ET

Webinar Completed

Access Webinar Recording

View Presentation

AMIS Application Demonstration Pre-Recorded N/A Access Webinar Recording




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; or by phone to (202) 653-0421. Please note this is not a toll free number.