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.
While this opportunity is currently inactive, a webinar has been scheduled to prepare for the next application cycle. Please see the application process section below.
CDFI Fund help desk:
202.653.0421
cmf@cdfi.treas.gov
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.
All applicants must demonstrate that they have been in existence as a legally formed entity for at least 3 years prior to the application deadline.
Award ceiling: $48,090,000
Award floor: $500,000
Expected number of awards: 55
Estimated total program funding:
$320,600,000
While this program is currently inactive, a webinar has been scheduled for the next application cycle, which will open in early 2024.
Applicant webinar
(Registration required)
December 6, 2023
2:00 p.m. Eastern
Links to application materials are provided on the program website and grants.gov.
Follow the steps to complete the application process listed in the how to apply section of the program website.
Important dates:
- February 23, 2023 - Deadline for submitting Standard Form SF-424 through grants.gov
- February 23, 2023 - Deadline for creating an account in Awards Management Information System (AMIS)
- March 17, 2023 - The last day the CDFI Fund will answer questions about the application
- March 17, 2023 - Deadline for submitting the Capital Magnet Fund application through the Awards Management Information System (AMIS)
Applicant webinars:
(Registration required)
Related Content
Organizations (2)
- U.S. Department of Treasury, view details
- Community Development Financial Institutions Fund, view details
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