The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened today the fiscal year (FY) 2019 funding round for the Capital Magnet Fund.
Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified nonprofit housing organizations. These awards can be used to finance affordable housing activities, as well as related economic development activities and community service facilities.
The FY 2019 Capital Magnet Fund Notice of Funds Availability (NOFA), application, application instructions, and related guidance can be found on the CDFI Fund’s website at www.cdfifund.gov/cmf under How to Apply Step 2: Apply. The application process consists of two parts: submitting the SF-424 Mandatory form through Grants.gov, and submitting the other components of the application through the CDFI Fund’s Awards Management Information System (AMIS).
Learn more on the CDFI Fund website.