Fiscal Year 2016 Capital Magnet Fund Program

Archived

Community Development Financial Institutions

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Description

The CDFI Fund awards Capital Magnet Fund grants to certified Community Development Financial Institutions (CDFIs) and certain nonprofit organizations to finance: (1) the development, preservation, rehabilitation, or purchase of affordable housing for primarily extremely low-, very low-, and low-income families; and (2) economic development activities or community service facilities, such as day care centers, workforce development centers, and health care clinics, which in conjunction with affordable housing activities implement a concerted strategy to stabilize or revitalize a low-income area or underserved rural area.CMF's award ceiling is 15% of Total Program Funding. This field will be updated when the Total Program Funding amount is released.

Who can apply

  • Others

Contact

CDFI IT Help Desk <br/>202-653-0422
IThelpdesk@cdfi.treas.gov

Key dates & funding
  • PostedFeb 5, 2016
  • ClosesMar 16, 2016
  • Award ceiling$12,000,000
  • Program funding$80,000,000
  • Expected awards25
  • CFDA21.011
Categories
Community Development

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