WHEDA awarded Capital Magnet Fund
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund has awarded the Wisconsin Housing and Economic Development Authority a Capital Magnet Fund grant of $3,375,000.

For fiscal year 2019, the U.S. Treasury awarded a total of $130.9 million in grants nationwide to 38 organizations for the development of affordable housing and community facilities in low-income communities. WHEDA was the only awardee in Wisconsin and since 2016 has received four consecutive awards totaling more than $17.8 million.

Nationwide, a total of 113 organizations requested more than $522 million from the Capital Magnet Fund for the FY 2019 round, highlighting the competitive nature of the program.

- - Volume: 8 - WEEK: 13 Date: 3/26/2020 9:54:11 AM -