Closed · CDFI-2024-CMF · CFDA 21.011 · Mandatory
Fiscal Year 2024 Capital Magnet Fund Program
Federal grant opportunity posted by Community Development Financial Institutions, cataloged on Grants.gov.
- $500K-$37.0M
- Award range
- Closed
- Status
- March 14, 2024
- Close date
- 55
- Expected awards
The verdict
Fiscal Year 2024 Capital Magnet Fund Program is a closed mandatory listing from Community Development Financial Institutions that offered $500,000 -- $36,975,000 across 55 expected awards. Future funding cycles may be published under the same CFDA number. PlainGrants indexes 62 other opportunities from Community Development Financial Institutions.
- $500K-$37.0M
- award range
- Closed
- application status
- 55
- expected awards
- 21.011
- CFDA program
Archived opportunity record
Fiscal Year 2024 Capital Magnet Fund Program is closed (last close March 14, 2024). Check the agency catalog for replacement NOFOs. Community Development Financial Institutions still indexes 62 other opportunities here.
According to Grants.gov (extract vintage 2026-08-10), this record reflects the officially published listing. See methodology.
Deadline tracker
Application window closed
Closed March 14, 2024
Est. Total Funding
$246,500,000
Expected Awards
55
Instrument
Grant
Description
The CDFI Fund awards Capital Magnet Fund grants to certified Community Development Financial Institutions (CDFIs) and certain nonprofit organizations to finance: (1) the development, preservation, rehabilitation, or purchase of affordable housing for primarily extremely low-, very low-, and low-income families; and (2) economic development activities or community service facilities, such as day care centers, workforce development centers, and health care clinics, which in conjunction with affordable housing activities implement a concerted strategy to stabilize or revitalize a low-income area or underserved rural area. CMF's award ceiling is 15% of Total Program Funding. Additional details on Application requirements are available on the CDFI Fund’s website.
Catch-all / unrestricted eligibility mark · CDFI-2024-CMF
Grants.gov marks Fiscal Year 2024 Capital Magnet Fund Program with a catch-all / unrestricted eligibility code (Others (see official listing text)). Read the official announcement text for the real applicant filter — the code alone is not a door list. The extract does not mark applicant cost-sharing as required. Instrument: Grant. Funding-activity code maps to Community Development (CD). This eligibility-code string dominates the Community Development Financial Institutions book (62 peers, 98% of 63).
- Code 25
- Others (see official listing text)
Codes are Grants.gov eligibility category values from the extract vintage 2026-08-10. Confirm the full eligibility statement on the official listing or the Grants.gov eligibility reference.
Official Listing on Grants.gov
View full details, application forms, and submission instructions.
Agency Contact
CDFI Fund Help Desk (202) 653-0421
What to do next
Fiscal Year 2024 Capital Magnet Fund Program is closed; use the parent program and agency catalog for the next funding cycle.
- Browse open federal opportunities in the same category when this listing is closed. Open opportunities
- Look up CFDA 21.011 across all indexed listings before you commit to this opportunity alone. Eligibility finder
- Compare award ranges across federal categories before you pick a single CFDA. All categories
Opportunity deadlines and eligibility change on Grants.gov; PlainGrants mirrors the extract and is not the submission system.
Disclaimer: This information is sourced from Grants.gov and SAM.gov and is for informational purposes only. Opportunity details, deadlines, and eligibility requirements change frequently. Always verify current information directly on Grants.gov before applying. PlainGrants is not affiliated with any federal agency.
Read our methodology - how this data is sourced, computed, and verified.
| Publisher | PlainGrants |
| Sources | the SAM.gov Assistance Listings and Grants.gov |