32 Organizations Receive a Total of $92 Million for Affordable Housing from US Treasury

Multi-Housing News reports that the US Treasury's Community Development Fund has granted $91.5 million to 32 organizations in hopes of triggering $900 million in investment for low-income communities. The 23 community development institutions and 9 non profit groups that received the funding are expected to develop affordable housing and community facilities in 37 states and Washington DC. The funding is part of the Capital Magnet Fund launched in 2010. Read more.