The CDFI Fund offers grants to certified Community Development Financial Institutions and nonprofits for affordable housing projects and economic development initiatives in low-income areas. The grants support housing development, preservation, rehabilitation, and economic activities like workforce development centers. The maximum award amount is 15% of the total program funding. Applications must meet specific requirements outlined on the CDFI Fund’s website. Deadline for submission is August 20, 2018.
Opportunity ID: 307233
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | CDFI-2018-CMF |
| Funding Opportunity Title: | Fiscal Year 2018 Capital Magnet Fund Program |
| Opportunity Category: | Mandatory |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development |
| Category Explanation: | – |
| Expected Number of Awards: | 32 |
| Assistance Listings: | 21.011 — Capital Magnet Fund |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 3 |
| Posted Date: | Jul 18, 2018 |
| Last Updated Date: | Jul 24, 2018 |
| Original Closing Date for Applications: | Sep 17, 2018 |
| Current Closing Date for Applications: | Aug 20, 2018 |
| Archive Date: | Sep 18, 2018 |
| Estimated Total Program Funding: | $144,900,000 |
| Award Ceiling: | $21,400,000 |
| Award Floor: | $500,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | Applicants must be (1) a Treasury certified CDFI; or (2) a nonprofit organization having as one of its principal purposes the development or management of affordable housing. An applicant must provide information necessary to establish that it is an eligible organization in order to apply for assistance. This information is included as part of the application materials. |
Additional Information
| Agency Name: | Community Development Financial Institutions |
| Description: | The CDFI Fund awards Capital Magnet Fund grants to certified Community Development Financial Institutions (CDFIs) and certain nonprofit organizations to finance: (1) the development, preservation, rehabilitation, or purchase of affordable housing for primarily extremely low-, very low-, and low-income families; and (2) 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’s award ceiling is 15% of Total Program Funding. Additional details on Application requirements are available on the CDFI Fund’s website. |
| Link to Additional Information: | A webpage on the CDFI Fund’s website with all the relevant details regarding applying for a Capital Magnet Fund Award in the FY 2018 Round. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
CDFI IT Help Desk 202-653-0422
Email:IThelpdesk@cdfi.treas.gov |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
| Correction to the grants.gov closing date to match the Notice of Funds Availability. | Jul 24, 2018 | |
| changing the posting date | Jul 24, 2018 |
DISPLAYING: Synopsis 3
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | CDFI-2018-CMF |
| Funding Opportunity Title: | Fiscal Year 2018 Capital Magnet Fund Program |
| Opportunity Category: | Mandatory |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development |
| Category Explanation: | – |
| Expected Number of Awards: | 32 |
| Assistance Listings: | 21.011 — Capital Magnet Fund |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 3 |
| Posted Date: | Jul 18, 2018 |
| Last Updated Date: | Jul 24, 2018 |
| Original Closing Date for Applications: | Sep 17, 2018 |
| Current Closing Date for Applications: | Aug 20, 2018 |
| Archive Date: | Sep 18, 2018 |
| Estimated Total Program Funding: | $144,900,000 |
| Award Ceiling: | $21,400,000 |
| Award Floor: | $500,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | Applicants must be (1) a Treasury certified CDFI; or (2) a nonprofit organization having as one of its principal purposes the development or management of affordable housing. An applicant must provide information necessary to establish that it is an eligible organization in order to apply for assistance. This information is included as part of the application materials. |
Additional Information
| Agency Name: | Community Development Financial Institutions |
| Description: | The CDFI Fund awards Capital Magnet Fund grants to certified Community Development Financial Institutions (CDFIs) and certain nonprofit organizations to finance: (1) the development, preservation, rehabilitation, or purchase of affordable housing for primarily extremely low-, very low-, and low-income families; and (2) 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’s award ceiling is 15% of Total Program Funding. Additional details on Application requirements are available on the CDFI Fund’s website. |
| Link to Additional Information: | A webpage on the CDFI Fund’s website with all the relevant details regarding applying for a Capital Magnet Fund Award in the FY 2018 Round. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
CDFI IT Help Desk 202-653-0422
Email:IThelpdesk@cdfi.treas.gov |
DISPLAYING: Synopsis 2
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | CDFI-2018-CMF |
| Funding Opportunity Title: | Fiscal Year 2018 Capital Magnet Fund Program |
| Opportunity Category: | Mandatory |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development |
| Category Explanation: | – |
| Expected Number of Awards: | 32 |
| Assistance Listings: | 21.011 — Capital Magnet Fund |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 2 |
| Posted Date: | Jul 24, 2018 |
| Last Updated Date: | Jul 18, 2018 |
| Original Closing Date for Applications: | – |
| Current Closing Date for Applications: | Sep 17, 2018 |
| Archive Date: | Sep 18, 2018 |
| Estimated Total Program Funding: | $144,900,000 |
| Award Ceiling: | $21,400,000 |
| Award Floor: | $500,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | Applicants must be (1) a Treasury certified CDFI; or (2) a nonprofit organization having as one of its principal purposes the development or management of affordable housing. An applicant must provide information necessary to establish that it is an eligible organization in order to apply for assistance. This information is included as part of the application materials. |
Additional Information
| Agency Name: | Community Development Financial Institutions |
| Description: | The CDFI Fund awards Capital Magnet Fund grants to certified Community Development Financial Institutions (CDFIs) and certain nonprofit organizations to finance: (1) the development, preservation, rehabilitation, or purchase of affordable housing for primarily extremely low-, very low-, and low-income families; and (2) 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’s award ceiling is 15% of Total Program Funding. Additional details on Application requirements are available on the CDFI Fund’s website. |
| Link to Additional Information: | A webpage on the CDFI Fund’s website with all the relevant details regarding applying for a Capital Magnet Fund Award in the FY 2018 Round. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
CDFI IT Help Desk 202-653-0422
Email:IThelpdesk@cdfi.treas.gov |
Related Documents
There are no related documents on this grant.
Packages
| Agency Contact Information: | CDFI IT Help Desk 202-653-0422 Email: IThelpdesk@cdfi.treas.gov |
| Who Can Apply: | Organization Applicants |
| Assistance Listing Number | Competition ID | Competition Title | Opportunity Package ID | Opening Date | Closing Date | Actions |
|---|---|---|---|---|---|---|
| 21.011 | PKG00243839 | Jul 18, 2018 | Aug 20, 2018 | View |
Package 1
Mandatory forms
307233 SF424_Mandatory_1_2-1.2.pdf
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