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Find similar grantsCommunity Development Financial Institutions (CDFI) Fund - Capital Magnet Fund is sponsored by U.S. Department of the Treasury, CDFI Fund. This program provides competitively awarded grants to Community Development Financial Institutions (CDFIs) and qualified nonprofit housing organizations to support affordable housing, economic development, and community service facilities.
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# Capital Magnet Fund | Community Development Financial Institutions Fund **Official websites use** A **. gov** website belongs to an official government organization in the United States.
**Secure websites use HTTPS** Community Development Financial Institutions Fund U.S. Department of the Treasury ##### Top Navigation Second * Community Development Advisory Board * Bank Enterprise Award (BEA) Program * Capital Magnet Fund (CMF) Program * CDFI Bond Guarantee Program * CDFI Equitable Recovery Program * CDFI Rapid Response Program * New Markets Tax Credit (NMTC) Program * Small Dollar Loan Program * Compliance and Performance Reporting Resources * Opportunity Zones Resources * Searchable Awards Database * NMTC Allocatee States Served * Historical Award Documents * Program Eligibility Guidance * Message From the Director [](https://www.
cdfifund. gov/programs-training/programs/cmf) The Capital Magnet Fund offers competitively awarded grants to CDFIs and nonprofit affordable housing organizations to finance affordable housing solutions and community revitalization efforts that benefit individuals and families with low-incomes and low-income communities nationwide.
To date, the Capital Magnet Fund has: * Generated $34 of additional investment for every $1 of award funding * Supported the financing and development of over 205,000 affordable homes, including more than 194,000 rental housing units and nearly 12,000 homeowner-occupied units Low-income families across America experience difficulty finding affordable housing, with many spending over half of their paychecks on rent.
This burden leaves little income for other necessities such as food, medical care, transportation, and savings – essential services that are often not readily available in low-income communities. The Capital Magnet Fund was created to spur investment in affordable housing and related economic development efforts that serve low-income families and low-income communities across the country.
Through the Capital Magnet Fund, the CDFI Fund provides competitively awarded grants to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing activities, as well as related economic development activities and community service facilities.
Awardees are able to utilize funds to create financing tools such as loan loss reserves, revolving loan funds, risk-sharing loans, and loan guarantees.
Organizations that receive Capital Magnet Fund awards are required to produce housing and community development investments at least ten times the size of the award amount, generating a multiplier effect that means that more low-income people and low-income communities nationwide will have housing options within their financial reach.
Capital Magnet Fund Applicants must be: * A non-profit organization operating with a principal purpose of developing or managing affordable housing solutions All Applicants (regardless of entity type) must demonstrate that they have been in existence as a legally formed entity for at least three years prior to the funding round application deadline. For more detailed information, please refer to the Notice of Funds Availability (NOFA).
### Are you an individual or business seeking a loan? Click here to learn how to find CDFIs and CDEs that are providing services in your community. * STEP 3 | Award Announcement * STEP 4 | Closing and Disbursement * CLOSING AND DISBURSEMENT * STEP 5 | Compliance and Reporting * COMPLIANCE AND REPORTING **Awards**Looking for more about Awards for this program?
Find it on our Awards page › **Our Impact**Learn more about the impact of the CDFI Fund on our Impact Blog › ## CDFI Fund Tools & Resources ### ACCESS TOOLS AND RESOURCES Access the CDFI Fund's database systems below. Use the Awards Database search to find CDFI Fund awardees by state for all of the CDFI Fund's programs.
* **Compliance and Performance Reporting Resources** * AboutCareersCommunity Development Advisory Board * Programs & TrainingCertificationProgramsTraining & TA * Tools & ResourcesAMISCIMS Mapping ToolCompliance and Performance Reporting ResourcesOpportunity Zones Resources * AwardsSearchable Awards DatabaseNMTC Allocatee States ServedHistorical Award Documents * Research & DataResearch ReportsData ReleasesProgram Eligibility GuidanceSnap Stat * News & EventsAnnouncementsMessage From the DirectorRequests for CommentsUpcoming Events Community Development Financial Institutions Fund United States Department of the Treasury ##### Footer Link Menu First * Small & Disadvantaged Businesses ##### Footer Link Menu Second
According to the current listing, eligibility includes: CDFIs and qualified nonprofit housing organizations. Confirm the full requirements in the official notice before applying.
Community Development Financial Institutions (CDFI) Fund - Capital Magnet Fund is funded by U.S. Department of the Treasury, CDFI Fund. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
The CDFI Fund opened the CY 2026 New Markets Tax Credit round with $5 billion in allocation authority — half the record $10 billion awarded in January. CDE certification closes September 22, AMIS registration October 6, and applications November 10. Miss the registration and the November deadline is irrelevant.
Read articleThe CDFI Fund published the CY2026 NMTC Notice of Allocation Availability on September 15, 2026. It offers $5 billion, down from $10 billion last round, against demand that already hit $19.2 billion. Applications close November 10. But the deadline that eliminates most would-be applicants is September 22 — and it is not the application deadline.
Read articleThe Administration for Native Americans finalized the elimination of SEDS on July 28, 2026, posted its replacement the same day, and closed applications August 27 — a 30-day window for a $24 million program with 31 expected awards. What changed is not the money. It is who decides what the money is for.
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