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:
-
Module 2: Capital Magnet Fund Eligibility & Program Requirements
-
Module 3: Attracting Capital Through the Capital Magnet Fund
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
-
1. FY 2020 CMF Notice of Funds Availability (NOFA)
Updated - May 29, 2020 -
2. FY 2020 CMF Application Instructions
Updated - Jul 10, 2020 -
3. FY 2020 CMF Application Frequently Asked Questions
Updated - Jun 19, 2020 -
4. FY 2020 CMF Glossary
Updated - May 28, 2020 -
5. FY 2020 Capital Magnet Fund Economic Distress Data Set
Updated - May 28, 2020 -
6. FY 2020 CMF Application AMIS Use and Navigation Guide
Updated - May 28, 2020 -
Capital Magnet Fund Interim Rule (Amended February 8, 2016)
Updated - May 28, 2020
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.