Capital Magnet Fund
This funding record is inactive. Please see the program website or contact the program
determine if this program is currently accepting applications or will open again in the future.
Catalog of Federal Domestic Assistance Number:
While this opportunity is currently inactive, a webinar
has been scheduled to prepare for the next application
cycle. Please see the application process
Community Development Financial Institutions Fund, U.S. Department of Treasury
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.
Amount of funding
Award ceiling: $48,090,000
Award floor: $500,000
Expected number of awards: 55
Estimated total program funding:
While this program is currently inactive, a
webinar has been scheduled for the next application
cycle, which will open in early 2024.
December 6, 2023
2:00 p.m. Eastern
application materials are provided on the
program website and
Follow the steps to complete the application process
listed in the how to apply section of the
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.