Capital Magnet Fund

E2190

The Capital Magnet Fund is a federal program that provides competitive grants to finance affordable housing and related community development projects in low-income communities across the United States.

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AI-generated illustration of Capital Magnet Fund

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Capital Magnet Fund (The Capital Magnet Fund is a federal program that provides competitive grants to finance affordable housing and related community development projects in low-income communities across the United States.)

All labels observed (2)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf affordable housing finance program ⓘ
federal grant program ⓘ
administeredBy Community Development Financial Institutions Fund ⓘ
U.S. Department of the Treasury ⓘ
authorizedBy U.S. Congress ⓘ
awardBasis competitive application process ⓘ
benefits low-income communities ⓘ
low-income families ⓘ
country United States ⓘ
currency United States dollar ⓘ
linked to: US dollar
eligibleApplicants certain public agencies ⓘ
certified Community Development Financial Institutions ⓘ
nonprofit housing organizations ⓘ
tribal entities ⓘ
focus increasing the supply of affordable housing ⓘ
stabilizing neighborhoods in low-income areas ⓘ
supporting mixed-income housing developments ⓘ
supporting transit-oriented affordable housing ⓘ
fundingType competitive grants ⓘ
fundingUse community service facilities related to affordable housing ⓘ
development of affordable housing ⓘ
economic development activities in conjunction with affordable housing ⓘ
preservation of affordable housing ⓘ
rehabilitation of affordable housing ⓘ
geographicScope national ⓘ
grantStructure multi-year awards ⓘ
legalAuthority Housing and Economic Recovery Act of 2008 ⓘ
monitoredBy U.S. Department of the Treasury ⓘ
policyArea affordable housing policy ⓘ
community reinvestment ⓘ
policyGoal to attract private capital into low-income communities ⓘ
to expand affordable housing opportunities ⓘ
purpose to benefit low-income communities ⓘ
to leverage private capital for community development ⓘ
to support affordable housing ⓘ
to support related economic development activities ⓘ
relatedTo Community Development Financial Institutions Fund Program ⓘ
Low-Income Housing Tax Credit ⓘ
New Markets Tax Credit Program ⓘ
requires leveraging of other private and public investment ⓘ
reporting on affordable housing outcomes ⓘ
sector community development ⓘ
housing ⓘ
targetAreas economically distressed communities ⓘ
low-income communities ⓘ
targetPopulation low-income households ⓘ
very low-income households ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

United States Department of Housing and Urban Development → administers → HOME Investment Partnerships Program ⓘ
linked to: Capital Magnet Fund