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Capital Magnet Fund

Program Information

Popular name

CMF

Program Number

21.011

Program objective

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.

Program expenditures, by FY (2023 - 2025)

This chart shows obligations for the program by fiscal year. All data for this chart was provided by the administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.

For more information on each of these data sources, please see the About the data page.

Additional program information

  1. 2017

    Please visit the CDFI Fund website for information on program accomplishments. The information can be accessed via www.cdfiund.gov/cmf.

  2. 2018

    Please visit the CDFI website for information on program accomplishments. The information can be accessed via www.cdfifund.gov/cmf.

  3. 2019

    Please visit the CDFI Fund website for information on program accomplishments. The information can be accessed via www.cdfifund.gov/cmf.

  4. 2022

    Visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/programs-training/Programs/cmf.

  5. 2024

    Please visit the CDFI website for information on program accomplishments. The information can be accessed via www.cdfifund.gov/cmf.

Single Audit Applies (2 CFR Part 200 Subpart F):

For additional information on single audit requirements for this program, review the current Compliance Supplement.

OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.

Interim Rule (effective June 25, 2024) (12 C.F.R. Part 1807); NOFA; and application materials.