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CDFI Fund Sets Tentative Opening of Capital Magnet Fund’s FY 2017 Round

Thursday, April 27, 2017 - 11:00AM

The Community Development Financial Institutions (CDFI) Fund today announced that the fiscal year (FY) 2017 round of the Capital Magnet Fund will tentatively open in June. The CDFI Fund expects that up to $120 million will be available in FY 2017 Capital Magnet Fund awards. The CDFI Fund will provide educational opportunities and guidance on the Capital Magnet Fund in the coming weeks, including an informational conference call outlining program basics May 10. Read more about funding for the Capital Magnet Fund on the Notes from Novogradac blog.

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