Capital Magnet Fund
Department Of The Treasury, Community Development Financial Institutions
The Capital Magnet Fund helps to create and preserve affordable housing for low-income families, individuals, and economically distressed communities by attracting private capital. Grants are used to support financing for the preservation, rehabilitation, development or purchase of affordable housing as well as select related economic development and community facilities that serve residents of these communities.
Jargon-free version
Helps organizations attract funding to create affordable housing for low-income individuals. Supports related economic and community development activities.
Quick Facts
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What Is This Program?
What Benefits Are Offered?
Competitively awarded grants to finance affordable housing solutions for low-income people and low-income communities nationwide.
Who Is Eligible?
Industries: community development, financial services, housing
Region: nationwide
Demographics: low-income communities, low-income people
Other Criteria: Community Development Financial Institutions (CDFIs), community development organizations, financial institutions, focused on financing affordable housing solutions
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FAQFrequently Asked Questions
Visit the program page for detailed eligibility requirements.
This program offers funding up to $81 (minimum $3).
This program accepts applications on a rolling basis.
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