Capital Magnet Fund – Aug 26
Posted by U.S. Department of Treasury on July 2, 2019
U.S. Department of Treasury, Capital Magnet Fund
Deadline: Monday, August 26, 2019
Can be used to finance affordable housing activities, as well as related economic development activities and community service facilities. Awardees are able to utilize funds to create financing tools such as loan loss reserves, revolving loan funds, risk-sharing loans, and loan guarantees. Organizations that receive Capital Magnet Fund awards are required to produce housing and community development investments at least ten times the size of the award amount, generating a multiplier effect that means that more low-income people and low-income communities nationwide will have housing options within their financial reach. For more information go here.
Learn more and apply: https://www.cdfifund.gov/programs-training/Programs/cmf/Pages/default.aspx
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