Of the 125 organizations that submitted applications for this competitive grant, just 32 CDFIs and nonprofit housing organizations received over $91 million of capital for the development of affordable housing for very low-income families.
To date, BCC has invested more than $1 billion in projects that create opportunities in low-income communities, like affordable housing, community health resources, clean and fixed-rate energy, as well as child care and education, including developing or rehabilitating over 18,000 units of housing. BCC will use the CMF ward to support impactful affordable housing development initiatives in high-poverty cities across the Northeast.
Boston Community Capital congratulates fellow awardees, the full list of whom can be found in the Capital Magnet Fund Award Book. Read the full release here on the CDFI Fund website.
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SOURCE Boston Community Capital