241CM065983-G
Project Grant
Overview
Grant Description
The CMF program offers competitively awarded grants to CDFIs and nonprofit affordable housing organizations to finance affordable housing solutions and community revitalization efforts that benefit individuals and families with low-incomes and low-income communities nationwide.
Awardee
Funding Goals
THE CDFI FUND AWARDS CAPITAL MAGNET FUND GRANTS TO CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND ELIGIBLE NONPROFIT HOUSING ORGANIZATIONS TO FINANCE: (A) THE DEVELOPMENT, PRESERVATION, REHABILITATION, OR PURCHASE OF AFFORDABLE HOUSING FOR PRIMARILY EXTREMELY LOW-, VERY LOW-, AND LOW-INCOME FAMILIES; AND (B) ECONOMIC DEVELOPMENT ACTIVITIES OR COMMUNITY SERVICE FACILITIES, SUCH AS DAY CARE CENTERS, WORKFORCE DEVELOPMENT CENTERS, AND HEALTH CARE CLINICS, WHICH IN CONJUNCTION WITH AFFORDABLE HOUSING ACTIVITIES IMPLEMENT A CONCERTED STRATEGY TO STABILIZE OR REVITALIZE A LOW-INCOME AREA OR UNDERSERVED RURAL AREA. CMF AWARD DOLLARS MUST BE USED TO FINANCE AND/OR SUPPORT PHYSICAL STRUCTURES. CMF AWARD MUST BE USED TO SUPPORT A PORTFOLIO OF PROJECTS WHOSE AGGREGATE COSTS ARE AT LEAST 10 TIMES THE GRANT AMOUNT. EACH RECIPIENT ENTERS INTO AN ASSISTANCE AGREEMENT THAT SPECIFIES THE TERMS AND CONDITIONS RELATED TO EXPENDITURES (INCLUDING ELIGIBLE USES) OF THE GRANT FUNDS, REQUIRES COMPLIANCE WITH PERFORMANCE GOALS, AND REQUIRES REPORTING ON PERFORMANCE OUTCOMES.
Grant Program (CFDA)
Awarding / Funding Agency
Place of Performance
Multi-State
United States
Geographic Scope
Multi-State
Related Opportunity
Home Headquarters was awarded
Project Grant 241CM065983-G
worth $1,000,000
from Community Development Financial Institutions Fund in October 2024 with work to be completed primarily in Multi-State United States.
The grant
was awarded through assistance program 21.011 Capital Magnet Fund.
The Project Grant was awarded through grant opportunity Fiscal Year 2024 Capital Magnet Fund Program.
Status
Last Modified 11/19/24
Period of Performance
10/23/24
Start Date
Not Provided
End Date
Funding Split
$1.0M
Federal Obligation
$0.0
Non-Federal Obligation
$1.0M
Total Obligated
Transaction History
Modifications to 241CM065983-G
Additional Detail
Award ID FAIN
241CM065983-G
SAI Number
None
Award ID URI
SAI EXEMPT
Awardee Classifications
Nonprofit With 501(c)(3) IRS Status (Other Than An Institution Of Higher Education)
Awarding Office
2031JQ CAPTIAL MANAGEMENT FUND
Funding Office
2031JQ CAPTIAL MANAGEMENT FUND
Awardee UEI
HJ71HPQWCFX4
Awardee CAGE
39CS3
Performance District
90
Modified: 11/19/24