Capital Magnet Fund
This funding record is inactive. Please see the program website or contact the program
sponsor to
determine if this program is currently accepting applications or will open again in the future.
CDFI Fund help desk:
202.653.0421
cmf@cdfi.treas.gov
The Capital Magnet Fund provides grants to finance affordable housing and community revitalization efforts that benefit low-income people and communities. The program's goal is to encourage community and economic development activities with the objective of revitalizing low-income communities and underserved rural areas.
Applicants must be either a certified Community Development Financial Institution (CDFI) or a nonprofit organization operating with a principal purpose of developing or managing affordable housing solutions.
All applicants must demonstrate that they have been in existence as a legally formed entity for at least 3 years prior to the application deadline.
Award ceiling: $36,975,000
Award floor: $500,000
Expected number of awards: 55
Estimated total program funding:
$246,500,000
Links to application materials are provided on the program website and grants.gov.
Follow the steps to complete the application process listed in the how to apply section of the program website.
Important dates:
- March 14, 2024 - Deadline for submitting Standard Form SF-424 through grants.gov
- March 14, 2024 - Deadline for creating an account in Awards Management Information System (AMIS)
- April 12, 2024 - The last day the CDFI Fund will answer questions about the application
- April 16, 2024 - Deadline for submitting the Capital Magnet Fund application through the Awards Management Information System (AMIS)
Related Content
Organizations (2)
- U.S. Department of Treasury, view details
- Community Development Financial Institutions Fund, view details
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