Fiscal Year 2018 Capital Magnet Fund Program
Agency: Community Development Financial Institutions
Assistance Listings
- 21.011 -- Capital Magnet Fund
Archived opportunityLast Updated: May 13, 2026
View version history on Grants.gov
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.
Eligibility
Eligible applicants
Miscellaneous
- Other
Additional information
Applicants must be (1) a Treasury certified CDFI; or (2) a nonprofit organization having as one of its principal purposes the development or management of affordable housing. An applicant must provide information necessary to establish that it is an eligible organization in order to apply for assistance. This information is included as part of the application materials.
Grantor contact information
Description
CDFI IT Help Desk 202-653-0422
CDFI Fund IT Help Desk
Documents
No documents are currently available.
Link to additional information
Archived: September 18, 2018
Award
$144,900,000
Program Funding
32
Expected awards
$500,000
Award Minimum
$21,400,000
Award Maximum
Funding opportunity number:
CDFI-2018-CMF
Cost sharing or matching requirement:
No
Funding instrument type:
Grant
Opportunity Category:
Mandatory
Opportunity Category Explanation:
--
Category of Funding Activity:
Community development
Category Explanation:
--
History
Version:
3
Posted date:
July 18, 2018
Archive date:
September 18, 2018
