CDFI Fund released the application data for the fiscal year (FY) 2023 round of its Capital Magnet Fund (CMF) program. A total of 144 organizations submitted applications requesting more than $1.1 billion in funding. The applicants propose to serve 49 states, the District of Columbia, Puerto Rico and Guam. In total, 42 percent of the applicants are Certified Community Development Financial Institutions (CDFIs), and 58 percent of the applicants are nonprofit housing organizations. For more information, please click here.
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