Capital Magnet Fund (CMF)
Funds community lenders and non-profit housing groups building affordable housing through capital support.
About
The Capital Magnet Fund awards competitive grants to Certified CDFIs and qualified non-profit affordable-housing organizations to finance affordable housing and related community-development projects. Grants may fund loan loss reserves, revolving loan funds, risk-sharing loans, and loan guarantees for affordable housing, economic development, and community service facilities.
Awardees must genera…
Max award-
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No upcoming rounds verified. Cadence: Annual.