The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded 38 organizations $130.9 million for the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal year (FY) 2019 round of the Capital Magnet Fund, and will support financing for the preservation, rehabilitation, development or purchase of affordable housing for low-income communities; as well as related economic development and community service facilities such as day care centers, workforce development centers and health care clinics.
A special congratulations to our CapNexus sponsors who received CMF Awards: Clearinghouse CDFI, Community First Fund, Hope Federal Credit Union, and Virginia Community Capital.
To see a complete list of awardees see below: