CDFI Fund Releases Public Data on Capital Magnet Fund Investments

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released today public data on Capital Magnet Fund investments from fiscal years 2011 through 2013 for the initial $80 million round of awards.

Capital Magnet Fund awardees reported investing in a total of 8,971 affordable housing units, including:

• 8,049 rental units; and
• 922 homeowner-occupied homes.

Capital Magnet Fund investments were made in 34 states, the District of Columbia, and Puerto Rico to finance affordable housing activities, as well as related economic development activities and community service facilities.

The investments were made by 23 Community Development Financial Institutions (CDFIs) and qualified nonprofit housing developers that were awarded $80 million under the inaugural round of the Capital Magnet Fund on October 10, 2010. The awardees included 13 nonprofit housing organizations, nine CDFIs, and one Tribal housing authority. The CDFI Fund received 230 applications requesting more than $1 billion in grants under the fiscal year 2010 round.

Capital Magnet Fund Investments FY 2011 FY 2013 Data File

  For more information about the Capital Magnet Fund, please visit  www.cdfifund.gov/cmf. Additional CDFI Fund data releases and reports can be found at www.cdfifund.gov/research. Please note that all data are subject to change based upon subsequent reporting.