CDFIs: Magnets for Housing Financing

The CDFI Fund’s Capital Magnet Fund (CMF) program illustrates how strategic federal investment can unlock far greater public and private capital for housing. CMF awards have generated $34 in additional investment for every $1 of award funding and supported the financing and development of more than 205,000 affordable homes, including nearly 12,000 homeowner-occupied units. The following case studies show how that leverage translates into tangible impact on the ground.

From construction-to-permanent financing that helped bring supportive townhomes for families transitioning from homelessness to life in Longmont, Colorado, to the preservation of 133 affordable homes across rural Texas communities, CMF-backed CDFIs are closing financing gaps that would otherwise stall critical projects.

Annual Impact: Over 10,000 affordable homes financed.