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Washington
CDFI Fund to hold conference call for CMF applicants today
WASHINGTON (3/31/10)--The U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund this week announced that it will hold a pair of conference calls for potential applicants to its Capital Magnet Fund (CMF). During the calls, which will take place today at 3 p.m. ET and 3 p.m. ET on Friday, potential applicants will be able to ask questions of CDFI Fund staff about the current round of the Capital Magnet Fund. The CMF is a competitive grant program for CDFIs and other nonprofits to attract private capital for development, preservation, rehabilitation, and purchase of affordable housing for low-income families. It is also meant to stir economic development activities or community service, which in conjunction with affordable housing activities may implement a concerted strategy to stabilize or revitalize a low-income area or underserved rural area. The CDFI Fund is currently searching for qualified application reviewers and recently extended the application deadline for FY 2010 examiners until March 31. For the full CDFI Fund release, use the resource link.
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