Fiscal Year 2020 Capital Magnet Fund Program
Agency: Community Development Financial Institutions
- 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
Grantor contact information
Description
CDFI Fund Help Desk
Documents
No documents are currently available.
Link to additional information
Archived: June 27, 2020
Award
$173,800,000
Program Funding
40
Expected awards
$500,000
Award Minimum
$26,000,000
Award Maximum
Funding opportunity number:
CDFI-2020-CMF
Cost sharing or matching requirement:
Funding instrument type:
Grant
Opportunity Category:
Mandatory
Opportunity Category Explanation:
Category of Funding Activity:
Community development
Category Explanation:
History
Version:
1
Posted date:
May 28, 2020
Archive date:
June 27, 2020
