Capital Magnet Fund

Update December 11, 2023: View the pre-application webinar recording and presentation here. 

Since its inception in 2008, the Capital Magnet Fund (CMF) has awarded nearly $1.1 billion in funding to create and preserve affordable housing for Low-Income families and economically distressed c

Update December 7, 2022: View the pre-application webinar recording and presentation here.

Update-July 1, 2021: For those preparing to apply for the FY 2021 application round, the Community Development Financial Institutions Fund (CDFI Fund) conducted an informational pr

Interested in applying to the upcoming fiscal year (FY) 2020 funding round for the Capital Magnet Fund? You may find the following information helpful in getting started.

The Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to publish the Notice of Funds Availability (NOFA) and application for the FY 2019 Capital Magnet Fund roun

Los Angeles' Vermont Knolls neighborhood is a high-need community of approximately 22,000 residents of which nearly one-third have incomes under the federal poverty level.

This post was originally published on April 27, 2018, and was updated on June 4, 2018 to clarify that both new and existing SAM.gov accounts are affected by recent registration policy changes.

In late October, CDFI Fund Director Annie Donovan and I traveled to Alaska to participate in the Annual Conference of the Alaska Federation of Natives and to meet with several organizations that ha

The Court Tower Apartments, a 14-story 1970s affordable housing building in the heart of Oshkosh, Wisconsin, had become an eyesore in the community.