$90 Million in Capital Magnet Awards for Affordable Housing Announced by U.S. Treasury

Thursday, September 22, 2016
CDBA Members Central Bank of Kansas City and Virginia Community Capital were among the 32 CDFIs and qualified non-profit housing organizations who won competitively awarded grants to develop, rehabilitate, preserve, and purchase affordable housing for Low-Income families. The $91.5 million in overall funding will translate to over $900 million in community investment as every $1 of Federal funding must be matched by $10 of private investment.