New grant opportunity on Grants.gov: Fiscal Year 2018 Capital Magnet Fund Program

Funding Opportunity ID: 307233 Opportunity Number: CDFI-2018-CMF Opportunity Title: Fiscal Year 2018 Capital Magnet Fund Program Opportunity Category: Mandatory Opportunity Category Explanation: Funding Instrument Type: Grant Category of Funding Activity: Community Development Category Explanation: CFDA Number(s): 21.011 Eligible Applicants: Others (see text field entitled "Additional Information on Eligibility" for clarification) Additional Information on Eligibility: Applicants must be (1) a Treasury certified CDFI; or (2) a nonprofit organization having as one of its principal purposes the development or management of affordable housing. An applicant must provide information necessary to establish that it is an eligible organization in order to apply for assistance. This information is included as part of the application materials. Agency Code: USDOT-CDFI Agency Name: US Department of the Treasury Community Development Financial Institutions Posted Date: Jul 18, 2018 Close Date: Sep 17, 2018 Last Updated Date: Jul 18, 2018 Award Ceiling: $21,400,000 Award Floor: $500,000 Estimated Total Program Funding: $144,900,000 Expected Number of Awards: 32 Description: The CDFI Fund awards Capital Magnet Fund grants to certified Community Development Financial Institutions (CDFIs) and certain nonprofit organizations to finance: (1) the development, preservation, rehabilitation, or purchase of affordable housing for primarily extremely low-, very low-, and low-income families; and (2) economic development activities or community service facilities, such as day care centers, workforce development centers, and health care clinics, which in conjunction with affordable housing activities implement a concerted strategy to stabilize or revitalize a low-income area or underserved rural area. CMF's award ceiling is 15% of Total Program Funding. Additional details on Application requirements are available on the CDFI Fund’s website. Version: 2 Modification Comments: changing the posting date

Published at: July 18, 2018 at 10:15PM
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