CDFI Fund Announces Capital Magnet Fund Awards

Wednesday, February 13, 2019 - 9:30am

The Community Development Financial Institutions Fund today awarded 38 organizations $142.9 million through the fiscal year 2018 round of the Capital Magnet Fund (CMF). This financing will support the preservation, rehabilitation, development or purchase of affordable housing for low-income communities, as well as related economic development and community service facilities such as day care centers, workforce development centers and health care clinics. The 38 awardees were selected from 116 applications, which requested more than $570 million in awards in this CMF round.