Update for Capital Magnet Fund Applicants: Electronic Application Now Available

The electronic application for the fiscal year (FY) 2016 round of the Capital Magnet Fund is now available in the Community Development Financial Institutions Fund (CDFI Fund)'s Awards Management Information System (AMIS) and in Grants.gov.

All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Organizations should confirm that their AMIS accounts are up-to-date as soon as possible in order to avoid potential application submission problems. New potential applicants are encouraged to begin the registration process now. Registration guidance for Grants.gov and SAM.gov can be found on the websites for those systems. Guidance on using AMIS (including registration) can be found at https://amis.cdfifund.gov/.

The CDFI Fund strongly recommends that the instructions and application timelines are reviewed closely by both first-time and repeat applicants and that applicants give themselves adequate time to submit their applications using AMIS.

To assist potential applicants, the CDFI Fund has provided application guidance and frequently asked questions on its website, www.cdfifund.gov/cmf, under Step 2: Apply. There, applicants can also find information about upcoming live webinars about the FY 2016 Capital Magnet Fund application and AMIS application submission process.

Reminder about Deadlines

• The deadline for submission of the Capital Magnet Fund application materials due through Grants.gov is 11:59 p.m. Eastern Time (ET) on Wednesday, March 16, 2016.
• The deadline for submission of the Capital Magnet Fund application materials due through the CDFI Fund's Award Management Information System (AMIS) is 11:59 p.m. ET on Wednesday, March 30, 2016.
• The CDFI Fund will stop taking questions about the application at 5:00 p.m. ET on Monday, March 28, 2016.
• The CDFI Fund will stop providing technical assistance about submitting the application through AMIS at 5:00 p.m. ET on Wednesday, March 30, 2016.

Additional Materials

Potential Applicants are strongly encouraged to review these materials before preparing their applications.

• 2016 Capital Magnet Fund Notice of Funds Availability
• Capital Magnet Fund Interim Rule

Please view the CDFI Fund's website at  www.cdfifund.gov/cmf for full details about the Capital Magnet Fund and how to apply to the FY 2016 application round. Please direct any questions to the Capital Magnet Fund's Help Desk at (202) 653-0421 or cmf@cdfi.treas.gov.