CDFI Fund Opens 2019 Funding Round for Capital Magnet Fund

Tuesday, June 25, 2019 - 11:00am

The Community Development Financial Institutions (CDFI) Fund today opened the fiscal year 2019 funding round for the Capital Magnet Fund (CMF). Through the CMF, the CDFI Fund makes awards to CDFIs and qualified nonprofit housing organizations to finance affordable housing activities, related economic development activities and community service facilities. The CDFI Fund plans to provide up to $130.8 million in CMF awards this year.  There are multiple deadlines in the application process and the final application is due Aug. 26 at 5 p.m.