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Capital Magnet Fund is sponsored by Department of the Treasury. 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. This listing is currently active. Program number: 21.
011. Last updated on 2026-01-19.
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## Step 2: Application Process The Notice of Funds Availability (NOFA), instructions, and supplemental materials for the FY 2024 round of the Capital Magnet Fund (CMF) program are below. These materials are intended to help you understand how to apply for a Capital Magnet Fund Award. The application materials listed on this page and the requirements set forth in the NOFA are subject to change for future funding rounds.
Applicants for CMF are required to submit materials through Grants. gov (SF-424) and the CDFI Fund’s Award Management Information System (AMIS). Applicants are advised to review the NOFA, Application Instructions and related materials below.
Applicants are also advised to submit their SF-424 in Grants. gov and create an organizational AMIS account, if they don’t have one already. ### CAPITAL MAGNET FUND OVERVIEW PRESENTATIONS For those preparing to apply for the FY 2024 application round, the Capital Magnet Fund team held a pre-application information session on December 6, 2023.
The presentation and a recording of the session is available below.
* FY 2024 Capital Magnet Fund Overview presentation * FY 2024 Capital Magnet Fund Overview session recording * Getting Ready to Apply to the Capital Magnet Fund Round blog post Additionally, the following six modules provide an overview of various Capital Magnet Fund program topics: * Module 1: Introduction to Capital Magnet Fund * Module 2: Capital Magnet Fund Eligibility & Program Requirements * Module 3: Attracting Capital Through the Capital Magnet Fund * Module 4: A Good Business Strategy is Key * Module 5: Affordable Housing and CMF * Module 6: Economic Development and CMF ### FY 2024 APPLICATION ROUND TIMELINE * For Depository Institution Holding Company Applicants, the Title VI Compliance Worksheet requirement also applies to the Applicant’s Subsidiary Depository Institution.
### FY 2024 APPLICATION WEBINARS The CDFI Fund will conduct four live webinars to answer applicant questions about the FY 2024 Capital Magnet Fund Application. More information about how to access the webinars is available below. All webinars will take place on Zoom.
Use the links below to register in advance for the webinars or access the webinars by clicking the links below five minutes before the webinars begin. Each webinar has a unique link. Advance registration is recommended but not required to participate in the webinars.
Webinar presentations and recordings will be posted after the live webinar. ### FY 2024 APPLICATION MATERIALS Questions regarding the Capital Magnet Fund program may be directed to the CDFI Fund by submitting a Service Request from your Awards Management Information System (AMIS) account. Non-AMIS users may contact the CDFI Fund’s Help Desk by e-mail to cmf@cdfi.
treas. gov; or by phone to (202) 653-0421. Please note this is not a toll free number.
Based on current listing details, eligibility includes: Applicants must be either (a) a Treasury certified CDFI; or (b) a nonprofit organization having as one of its principal purposes the development or management of affordable housing. Eligible applicant types include: For-Profit Organization. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Recent federal obligations suggest $217,000,000 (2026). Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
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The Department of Defense FY2026 Defense University Research Instrumentation Program (DURIP) provides funding for U.S. universities to acquire research equipment and instrumentation in areas important to national defense, including AI and machine learning hardware. The program is administered jointly by the Army Research Office (ARO), Office of Naval Research (ONR), and Air Force Office of Scientific Research (AFOSR), with approximately $34 million available and 95 awards anticipated. DURIP funds the acquisition of specialized computing hardware for AI/ML research (GPU clusters, TPUs, neuromorphic processors), robotics and autonomous systems testbeds, sensor arrays and data collection systems for machine learning training, high-performance computing infrastructure for defense-relevant AI research, and laboratory equipment for human-AI interaction studies. The program specifically supports equipment that enhances research-related education in DoD-priority disciplines. While general-purpose computing is not eligible, computing equipment directly supporting DoD-relevant AI research programs qualifies. No cost sharing is required.
Sustainable Transportation Planning Grants is sponsored by California Department of Transportation (Caltrans). This program supports Caltrans' mission to improve lives and communities by funding projects that promote sustainable, safe, and accessible transportation across California. It includes Sustainable Communities Grants, which encourage local/regional planning supporting state goals and greenhouse gas reduction targets, and Strategic Partnerships Grants, which address statewide, interregional, or regional transportation deficiencies on the State Highway System in partnership with Caltrans.