CDFI Fund: $93 Million Available through Capital Magnet Fund in FY 2016

Thursday, March 10, 2016 - 3:15PM

The Community Development Financial Institutions (CDFI) Fund today announced there will be $93 million available in awards under the fiscal year (FY) 2016 round of the Capital Magnet Fund. The CDFI Fund awards competitive grants to CDFIs and qualified nonprofit housing organizations to finance affordable housing, economic development activities and community service facilities. The deadline to apply for FY 2016 Capital Magnet Fund grants is March 16 for submissions through Grants.gov and March 30 for submissions through the CDFI Fund’s Awards Management Information System (AMIS).

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