Congratulations to two CapNexus Sponsors who received Capital Magnet Fund Awards: Virginia Community Capital and Hope Federal Credit Union!
In addition, over 20 organizations with registered users on CapNexus received awards.
The Capital Magnet Fund helps low-income families and economically distressed communities by attracting investment for affordable housing and related economic development. The Capital Magnet Fund provides competitively awarded grants to CDFIs and qualified non-profit housing organizations to develop, rehabilitate, preserve, and purchase affordable housing for Low-, Very Low-, and Extremely Low-Income families. Capital Magnet Fund awards can be used to finance affordable housing activities as well as related economic development and community service facilities such as day care centers, workforce development centers and health care clinics.
Congratulations to all of the awardees! Read the 2017 CMF Award Book here.