Treasury Invites Capital Magnet Fund Application, Report Comments

Friday, June 3, 2016 - 10:00am

The Treasury Department today published a Federal Register notice inviting comments concerning the Capital Magnet Fund application and annual report. The Community Development Financial Institutions (CDFI) Fund provides competitively awarded grants through the Capital Magnet Fund to finance affordable housing and economic development activities. Specific questions in the Federal Register notice include whether the information requested in the Capital Magnet Fund application is appropriate to financing affordable housing and economic development activities, and what sources of data or indicators could the CDFI Fund use to identify areas of high housing needs or areas of economic distress. Comments are due Aug. 2.