Opportunity Information: Apply for CDFI 2018 CMF
The Fiscal Year 2018 Capital Magnet Fund (CMF) Program is a mandatory grant opportunity administered by the U.S. Department of the Treasury through the Community Development Financial Institutions (CDFI) Fund. It is designed to channel federal resources into projects that expand affordable housing and strengthen community infrastructure in places that are economically distressed, including low-income neighborhoods and underserved rural areas. The program’s core idea is to help mission-driven organizations assemble the kind of long-term financing needed to build, preserve, rehabilitate, or purchase affordable housing, while also supporting complementary investments that make those housing efforts more sustainable and stabilizing for the broader community.
Funding under this opportunity is targeted primarily toward affordable housing serving extremely low-income, very low-income, and low-income families. The program supports a range of housing activities, including new development as well as preservation and rehabilitation, recognizing that protecting existing affordable units can be as important as creating new ones. In addition to housing, CMF funds can also be used for economic development activities and community service facilities when those investments are tied to a broader neighborhood strategy. Examples listed in the opportunity include facilities like day care centers, workforce development centers, and health care clinics, reflecting the program’s emphasis on pairing housing with the services and local economic supports that help residents remain stable and improve long-term outcomes.
A key requirement is that non-housing components must be connected to the affordable housing work and must advance a coordinated plan to stabilize or revitalize a low-income area or an underserved rural area. In practice, this means CMF is not simply a standalone housing construction grant; it is meant to function as part of a deliberate, place-based strategy where housing and community amenities or economic activity reinforce each other. The overarching purpose is neighborhood strengthening, not isolated projects.
The eligible applicants are certified CDFIs and certain nonprofit organizations, with eligibility details clarified in the official guidance referenced by the CDFI Fund. The opportunity is listed under CFDA (now commonly referred to as Assistance Listing) number 21.011, and the funding instrument type is a grant. The opportunity number is CDFI-2018-CMF, and it was posted on July 18, 2018, with an application deadline of September 17, 2018.
For this funding round, the award ceiling is stated as $21,400,000 per award, and the program anticipated making about 32 awards. The notice also notes that the CMF award ceiling is capped at 15 percent of total program funding, which effectively limits how large any single award can be relative to the overall appropriation for that year. Applicants were directed to the CDFI Fund’s website for the complete application requirements and detailed instructions, indicating that the formal Notice of Funds Availability and related guidance documents are essential for understanding thresholds, documentation, and compliance expectations.Apply for CDFI 2018 CMF
- The US Department of the Treasury, Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "Fiscal Year 2018 Capital Magnet Fund Program" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 21.011.
- This funding opportunity was created on Jul 18, 2018.
- Applicants must submit their applications by Sep 17, 2018. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $21,400,000.00 in funding.
- The number of recipients for this funding is limited to 32 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
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| FY 2018 Bank Enterprise Award Program Application Apply for CDFI 2018 BEA Funding Number: CDFI 2018 BEA Agency: US Department of the Treasury, Community Development Financial Institutions Category: Community Development Funding Amount: $1,000,000 |
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| Section 4 Capacity Building for Community Development and Affordable Housing Grants (Section 4) Apply for FR 6200 N 07 Funding Number: FR 6200 N 07 Agency: US Department of Housing and Urban Development Category: Community Development Funding Amount: $35,000,000 |
| Groundwork Southcoast Project and Program Development Apply for P18AS00603 Funding Number: P18AS00603 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: $30,411 |
| Groundwork Indianapolis Project and Program Development Apply for P18AS00604 Funding Number: P18AS00604 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: $55,406 |
| Groundwork Richmond VA Project and Program Development Apply for P18AS00605 Funding Number: P18AS00605 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: $50,000 |
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| Community Development Block Grant Program for Indian Tribes and Alaska Native Villages Apply for FR 6200 N 23 Funding Number: FR 6200 N 23 Agency: US Department of Housing and Urban Development Category: Community Development Funding Amount: $4,000,000 |
| Copilaria Mea (My Childhood) Apply for 72011719RFA00001 Funding Number: 72011719RFA00001 Agency: Agency for International Development, Moldova USAID-Chisinau Category: Community Development Funding Amount: $10,000,000 |
| Notice of Funding Availability for the Fiscal Year (FY) 2017 Homeless Management Information System Capacity Building Project Apply for FR 6100 N 40 Funding Number: FR 6100 N 40 Agency: US Department of Housing and Urban Development Category: Community Development Funding Amount: $400,000 |
| Ambassadors' Special Self Help Fund Apply for DOS CONAK FY18 01 Funding Number: DOS CONAK FY18 01 Agency: Department of State, U.S. Mission to Guinea Category: Community Development Funding Amount: $12,000 |
| Countering Violent Extremism in the Philippines through Targeted, Networked, and Effective Initiatives Apply for SFOP0005506 Funding Number: SFOP0005506 Agency: Department of State, Bureau of Conflict Stabilization Operations Category: Community Development Funding Amount: $1,678,750 |
| Localworks Pre-Award Survey Option Apply for 72016819RFI001 Funding Number: 72016819RFI001 Agency: Agency for International Development, Bosnia USAID-Herzegovina Category: Community Development Funding Amount: Case Dependent |
| Ambassador’s Special Self Help Program – Annual Program Statement Apply for AFREO 19 GR 002 AF 121919 Funding Number: AFREO 19 GR 002 AF 121919 Agency: Department of State, U.S. Mission to Botswana Category: Community Development Funding Amount: $25,000 |
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