Today, the U.S. Department of Treasury's CDFI Fund announced 38 recipients of the FY 2018 Capital Magnet Fund Award, totaling $142.9 million in grants. OFN congratulates all awardees, especially our 19 members, who received $70.64 million, 49.4 percent of the amount awarded.  

Wednesday, July 18, 2018 (Washington, D.C.)—The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2018 funding round for the Capital Magnet Fund.

Today, the U.S. Department of Treasury's Community Development Financial Institutions Fund (CDFI Fund) announced the recipients of the Fiscal Year (FY) 2017 Capital Magnet Fund (CMF) Award.

The CDFI Fund today opened the fiscal year (FY) 2017 funding round for the Capital Magnet Fund. 

Fannie Mae’s and Freddie Mac’s recently-released Securities and Exchange Commission 10-K filings for 2016 show that both single family and multifamily volume has increased from 2015, which is good news for the Housing Trust Fund (HTF) and Capital Magnet Fund (CMF).