CDFI Fund: Save the Date for Upcoming FY 2018 Capital Magnet Fund Information Sessions

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to publish the Notice of Funds Availability (NOFA) and application for the FY 2018 Capital Magnet Fund round in the Summer of 2018. Approximately $140 million is expected to be available for awards through the FY 2018 round.

The Capital Magnet Fund provides awards to finance affordable housing activities, as well as related economic development activities and community service facilities, nationwide. The CDFI Fund will provide further information about the NOFA, application, and how to apply in the coming months.

In the meantime, to help CDFIs and non-profit organizations who may be interested in applying prepare for the upcoming award round, the CDFI Fund will be holding two virtual information sessions in May and June, 2018. At each session, CDFI Fund staff will provide an introductory overview of the Capital Magnet Fund program and discuss how organizations can start preparing to apply for the 2018 round. Recent changes to mandatory government application systems, such as SAM.gov and Grants.gov, mean that both new and repeat applicants may benefit from attending the sessions.

FY 2018 Capital Magnet Fund Information Sessions

Advance registration is not required to attend the virtual information sessions. Click the links below to access the sessions at the time the session begins.

  • About the Capital Magnet Fund Session 1: May 30, 2018, at 1:00 p.m. ET
    Dial: 1-888-566-5969
    Conference Number: PWXW7470443
    Passcode: 4185673
    View the presentation at https://www.mymeetings.com/nc/join
  • About the Capital Magnet Fund Session 2: June 7, 2018, at 4:00 p.m. ET
    Dial: 1-888-566-5969
    Conference Number: PWXW7470447
    Passcode: 4185673
    View the presentation at https://www.mymeetings.com/nc/join

To learn more about the Capital Magnet Fund, please visit www.cdfifund.gov/cmf.

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