Capital Magnet Fund

Step 2: Application Process

The Notice of Funds Availability (NOFA), instructions, and supplemental materials for the FY 2020 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

The Capital Magnet Fund team held an information session for the FY 2020 Capital Magnet Fund application round on May 13, 2020. 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:

FY 2020 APPLICATION ROUND TIMELINE

Date Description
May 28, 2020 Opening of Application Round
June 26, 2020 (11:59 PM ET) Deadline for Online submission of SF-424 via Grants.gov
July 2, 2020 (11:59 PM ET) Deadline to Create Organizational Account in AMIS
July 23, 2020 (5:00 PM ET) Last Day to Contact the CDFI Fund with Application Questions
July 27, 2020 (5:00 PM ET) Deadline of Application Submission and all Attachments in AMIS
February 22, 2021 FY 2020 Capital Magnet Fund Awards Announced

 

FY 2020 APPLICATION WEBINARS

The CDFI Fund will conduct three webinars to answer applicant questions about the FY 2020 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 Access Link
Application Webinar: Affordable Housing Developers/Managers June 11, 2020
2:00-4:00 PM ET
Webinar Completed Access Webinar Recording
View Presentation
Application Webinar: Financing Entities June 16, 2020
2:00-4:00 PM ET
Webinar Completed Access Webinar Recording
View Presentation
AMIS Application Demonstration June 23, 2020
2:00-3:30 PM ET
Webinar Completed Access Webinar Recording

 

FY 2020 APPLICATION MATERIALS

 

Questions?

Questions regarding ​Capital Magnet Fund ​Program may be directed to the CDFI Fund by e-mail to cdfihelp@cdfi.treas.gov; or by phone to (202) 653-0421. Please note this is not a toll free number.