The Capital Magnet Fund page at https://cbofinancial.com/financing/cdfi/capital-magnet-fund/ highlights CBO Financial’s use of this CDFI-administered program to drive affordable housing and community development in underserved areas. As a certified Community Development Financial Institution (CDFI), CBO Financial taps into this federal grant to amplify its mission of revitalizing low-income communities.
The Capital Magnet Fund, as outlined, provides competitively awarded grants to CDFIs and nonprofit housing developers. CBO Financial leverages these funds to finance affordable housing projects, economic development initiatives, and community service facilities. The page notes that every federal dollar granted generates over $12 in private investment, showcasing the program’s power to multiply impact.
With its expertise since 1999, CBO Financial uses the Capital Magnet Fund to support projects that might otherwise lack funding. Whether it’s housing for low-income families or facilities that enhance community well-being, the firm structures financing to maximize both affordability and economic benefits, aligning with its broader community development goals.
The page invites organizations to explore how CBO Financial can apply this program to their projects, linking to a free project analysis form. It’s a focused look at a tool that turns federal support into tangible community gains.