Assistance Listing 21.011
Capital Magnet Fund
TREASURY, DEPARTMENT OF THE · Community Development Financial Institutions
Assistance Listing 21.011, “Capital Magnet Fund,” is a federal program administered by TREASURY, DEPARTMENT OF THE. It provides grant assistance. GrantsJunction currently tracks 0 open, 0 forecasted and 0 closed opportunities under this listing. The agency reported $246M in obligations for fiscal year 2025.
Program objective
The Capital Magnet Fund helps to create and preserve affordable housing for low-income families, individuals, and economically distressed communities by attracting private capital. Grants are used to support financing for the preservation, rehabilitation, development or purchase of affordable housing as well as select related economic development and community facilities that serve residents of these communities.
As published in the SAM.gov Assistance Listing.
Current opportunities under 21.011
No open or forecasted opportunities are currently posted under this listing. Programs often post notices on an annual cycle — see recently closed opportunities below for timing.
Eligible applicants (program level)
- For-Profit Organization
Applicants must be either (a) a Treasury certified CDFI; or (b) a nonprofit organization having as one of its principal purposes the development or management of affordable housing.
Intended beneficiaries: Private nonprofit institution/organization and Public nonprofit institution/organization.
Program-level eligibility from SAM.gov. Each funding notice sets its own requirements.
Reported obligations by fiscal year
Historical data · not a predictionRange and average of financial assistance (from the listing): The range of CMF Awards for the FY 2023 funding round were from $1,500,000 to $12,000,000 and obligations were made in FY 2024. The average Award in the FY 2023 funding round was $6,177,600. The range of CMF Awards for the FY 2024 funding round were from $1,000,000 to $9,000,000 and obligations were made in FY 2025. The average Award was $5,133,020 in the FY 2024 funding round. The maximum allowable award by statute is 15% of the annual available funding.
Source: SAM.gov Assistance Listing 21.011. Hatched bars are agency estimates. These totals do not indicate approval rates.Frequently asked questions
What is ALN 21.011?
21.011 is the Assistance Listing Number for “Capital Magnet Fund.” Assistance Listing Numbers (formerly CFDA numbers) identify federal assistance programs; individual grant opportunities reference the listing they are funded under.
Who can apply under ALN 21.011?
The SAM.gov listing names these applicant types: For-Profit Organization. Each funding notice under the program sets its own eligibility, so check the specific opportunity.
How much funding does 21.011 provide?
The agency reported $246,385,000 in obligations for FY2025 in the SAM.gov Assistance Listing. These are program-wide totals reported by the agency, not a prediction of future awards.