Capital Magnet Fund
E2190
The Capital Magnet Fund is a federal program that provides competitive grants to finance affordable housing and related community development projects in low-income communities across the United States.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Capital Magnet Fund canonical | 1 |
| HOME Investment Partnerships Program | 1 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
affordable housing finance program
ⓘ
federal grant program ⓘ |
| administeredBy |
Community Development Financial Institutions Fund
ⓘ
United States Department of the Treasury ⓘ
surface form:
U.S. Department of the Treasury
|
| authorizedBy |
United States Congress
ⓘ
surface form:
U.S. Congress
|
| awardBasis | competitive application process ⓘ |
| benefits |
low-income communities
ⓘ
low-income families ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| currency |
US dollar
ⓘ
surface form:
United States dollar
|
| eligibleApplicants |
certain public agencies
ⓘ
certified Community Development Financial Institutions ⓘ nonprofit housing organizations ⓘ tribal entities ⓘ |
| focus |
increasing the supply of affordable housing
ⓘ
stabilizing neighborhoods in low-income areas ⓘ supporting mixed-income housing developments ⓘ supporting transit-oriented affordable housing ⓘ |
| fundingType | competitive grants ⓘ |
| fundingUse |
community service facilities related to affordable housing
ⓘ
development of affordable housing ⓘ economic development activities in conjunction with affordable housing ⓘ preservation of affordable housing ⓘ rehabilitation of affordable housing ⓘ |
| geographicScope | national ⓘ |
| grantStructure | multi-year awards ⓘ |
| legalAuthority | Housing and Economic Recovery Act of 2008 ⓘ |
| monitoredBy |
United States Department of the Treasury
ⓘ
surface form:
U.S. Department of the Treasury
|
| policyArea |
affordable housing policy
ⓘ
community reinvestment ⓘ |
| policyGoal |
to attract private capital into low-income communities
ⓘ
to expand affordable housing opportunities ⓘ |
| purpose |
to benefit low-income communities
ⓘ
to leverage private capital for community development ⓘ to support affordable housing ⓘ to support related economic development activities ⓘ |
| relatedTo |
Community Development Financial Institutions Fund
ⓘ
surface form:
Community Development Financial Institutions Fund Program
Low-Income Housing Tax Credit ⓘ New Markets Tax Credit Program ⓘ |
| requires |
leveraging of other private and public investment
ⓘ
reporting on affordable housing outcomes ⓘ |
| sector |
community development
ⓘ
housing ⓘ |
| targetAreas |
economically distressed communities
ⓘ
low-income communities ⓘ |
| targetPopulation |
low-income households
ⓘ
very low-income households ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
HOME Investment Partnerships Program