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Capital Magnet Fund

This funding record is inactive. Please see the program website or contact the program sponsor to determine if this program is currently accepting applications or will open again in the future.

Catalog of Federal Domestic Assistance Number: 21.011
U.S. Department of Treasury
Sep 17, 2018

CDFI Fund help desk


The Capital Magnet Fund provides grants to finance affordable housing and community revitalization efforts that benefit low-income people and communities. The program's goal is to encourage community and economic development activities with the objective of revitalizing low-income communities and underserved rural areas.


Applicants must be either a certified Community Development Financial Institution (CDFI) or a nonprofit organization operating with a principal purpose of developing or managing affordable housing solutions.

Geographic coverage
Amount of funding

Award ceiling: $21,400,000
Award floor: $500,000
Expected number of awards: 32
Estimated total program funding: $144,900,000

Application process

A link to the announcement is available through The Notice of Funds Availability (NOFA) is provided on the program website.

Follow the steps to complete the application process listed in the "how to apply" section of the program website.

Important dates:

  • August 20, 2018 - Deadline for submitting Standard Form SF-424 through
  • August 27, 2018 - Deadline for creating an account in Awards Management Information System (AMIS)
  • September 13, 2018 - The last day the CDFI Fund will answer questions about the application
  • September 17, 2018 - Deadline for submitting the Capital Magnet Fund application through the AMIS system
Tagged as
Capital funding · Community and economic development · Housing and homelessness · Poverty

For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.