Fiscal Year 2019 Capital Magnet Fund Program
ID: CDFI-2019-CMF • Type: Posted
Overview
Category of Funding
Community Development
Funding Instruments
Grant
Grant Program (CFDA)
Grant Category
Mandatory
Cost Sharing / Matching Requirement
False
Source
On 6/25/19 Community Development Financial Institutions Fund posted grant opportunity CDFI-2019-CMF for Fiscal Year 2019 Capital Magnet Fund Program with funding of $130.9 million.
The grant will be issued under grant program 21.011 Capital Magnet Fund.
It is expected that 34 total grants will be made
worth between $500,000 and $19.6 million.
Timing
Posted Date
June 25, 2019, 12:00 a.m. EDT
Closing Date
July 26, 2019, 12:00 a.m. EDT Past Due
Last Updated
June 24, 2019, 12:48 p.m. EDT
Version
1
Archive Date
July 27, 2019
Eligibility
Eligible Applicants
Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Info
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.
Award Sizing
Ceiling
$19,600,000
Floor
$500,000
Estimated Program Funding
$130,883,871
Estimated Number of Grants
34
Contacts
Contact
Beverly Moffett
Manage Packages
Contact Email
Email Description
CDFI Fund Help Desk
Contact Phone
(202) 622-6223
Additional Information
A webpage on the CDFI Fund's website with all the relevant details regarding the Capital Magnet Fund Program.
Additional Information Site