Fiscal Year 2020 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. Additional details on Application requirements are available on the CDFI Fund’s website.

Who can apply

  • Others

Contact

CDFI Fund Help Desk <br/>(202) 653-0421
cmf@cdfi.treas.gov

Key dates & funding
  • PostedMay 28, 2020
  • ClosesJun 26, 2020
  • Award floor$500,000
  • Award ceiling$26,000,000
  • Program funding$173,800,000
  • Expected awards40
  • CFDA21.011
Categories
Community Development

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