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New Grant Release

Grant:

Capital Magnet Fund

Available Amount:

Maximum of $57,000,000.

Deadline:

10-12-2021 SF-424 Form (required): 11-09-2021 Application

Description:

This US Department of the Treasury program provides grants to certified Community Development Financial Institutions and certain nonprofit organizations to finance: the development, preservation, rehabilitation, or purchase of affordable housing; and 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.

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What You

Need to Know


Grant Name:

Capital Magnet Fund

Deadline:

10-12-2021 SF-424 Form (required): 11-09-2021 Application

Available Amount:

Maximum of $57,000,000.

Number Of Awards:

55

Link To RFP:

Go To RFP Link

Funding Uses:

This US Department of the Treasury program provides grants to certified Community Development Financial Institutions and certain nonprofit organizations to finance: the development, preservation, rehabilitation, or purchase of affordable housing; and 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.

Eligibility Requirements:

Treasury certified Community Development Financial Institutions; and nonprofit organizations.

Funder Match Requirement:

NA

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