GRANTRADAR/Grant Programs/Capital Magnet Fund
FederalDirect GrantStackable

Capital Magnet Fund

Administered by CDFI Fund US Treasury · Federal Program

BENEFIT
Up to $5M
Deadline type: annual

Eligibility Requirements

  • 1Applicant must be certified CDFI or nonprofit housing organization
  • 2Must finance affordable housing and economic development
  • 310:1 leverage ratio required
  • 4Awards used to attract private investment

Eligible Project Types

Affordable HousingMultifamilyMixed Use
STACKING POTENTIAL

Capital Magnet Fund is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this federal credit with state brownfield TIF, historic tax credits, and local abatements to maximize total incentive value. Use GrantRadar to see your full stack.

Source: CDFI Fund US Treasury official program page ↗ · Last verified 2026-03-10
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STACKABLE WITH
Federal Historic Tax Credit
20% credit · Tax Credit
New Markets Tax Credit
39% credit · Tax Credit
Opportunity Zone Program
Negotiated / contact agency · Tax Abatement / Other
Federal Low Income Housing Tax Credit
Negotiated / contact agency · Tax Credit
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