CDFI Fund Plans to Release NOFA, Applications for 2019 CMF Round

Thursday, May 16, 2019 - 11:00am

The Community Development Financial Institutions (CDFI) Fund plans to publish a notice of funding and an application for the fiscal year 2019 Capital Magnet Fund (CMF) round this summer. Up to $130.8 million is expected to be available in grants for CDFIs and qualified nonprofit housing organizations to support affordable housing activities and related economic development and community service facilities. Applicants must be either a certified CDFI or nonprofit operating with a principal purpose of developing or managing affordable housing. Visit the CDFI Fund’s CMF page or view the CMF outreach presentation for more information.