Programs › 21.011
Assistance listing · 21.011
Capital Magnet Fund
Federal financial assistance obligated under listing 21.011, the organisations that receive it and where it goes.
USAspending caveat. Figures are obligations reported by federal agencies to USAspending.gov, not payments. In USAspending's words: "An outlay occurs when federal money is actually paid out, not just promised to be paid ('obligated')." "Every agency has a Senior Accountable Official who must officially certify that the quarterly financial data submitted by their agency is accurate and complete." "If there are any discrepancies in procurement data, FPDS is the authoritative source." Contract data for the Department of Defense and the U.S. Army Corps of Engineers is published with a 90-day delay. Data loaded 30 Sep 2026.
Federal agencies obligated $0 in awards under assistance listing 21.011, Capital Magnet Fund, in FY2026, and $568M over the five fiscal years since FY2023; the program ranks 368 of 988 on this site.
Obligations were down 100% on FY2025 ($246M), with $0 so far in FY2027.
The largest recipient organisations by the value of $1.0M-plus awards since FY2023 were Legacy Bank & Trust Company ($21M), Massachusetts Housing Finance Agency ($21M) and Eden Housing, Inc. ($19M).
Obligations by fiscal year
Compared with the largest program FY2026
| Measure | This program | Grants to States for Medicaid | All assistance |
|---|---|---|---|
| Obligations, FY2026 | $0 | $722B | $4.4T |
| Five-year total | $568M | $2.6T | $17T |
| Share of all assistance obligations, five years | 0% | 15.2% | 100% |
Largest recipients $1.0M+ award value since FY2023
| # | Organisation | Awards | Award value |
|---|---|---|---|
| 1 | Legacy Bank & Trust Company | 2 | $21M |
| 2 | Massachusetts Housing Finance Agency | 2 | $21M |
| 3 | Eden Housing, Inc. | 2 | $19M |
| 4 | Greater Minnesota Housing Fund | 2 | $18M |
| 5 | United Bank | 2 | $18M |
| 6 | Corporation for Supportive Housing | 2 | $17M |
| 7 | The Community Development Trust, LP | 2 | $17M |
| 8 | Preservation of Affordable Housing, Inc. | 2 | $17M |
| 9 | The Community Builders, Inc. | 2 | $16M |
| 10 | Culleywood Capital LLC | 2 | $15M |
| 11 | Impact Development Fund | 2 | $15M |
| 12 | Midpen Housing Corporation | 2 | $14M |
| 13 | Mercy Housing Inc | 1 | $12M |
| 14 | Rural Community Assistance Corporation | 2 | $11M |
| 15 | Mission First Housing Development Corporation | 2 | $11M |
Awarding agencies $1.0M+ awards
Largest awards since FY2023
| Recipient | Awarding agency | Type | Award value | Begun | Place | Record |
|---|---|---|---|---|---|---|
| Preservation of Affordable Housing, Inc. | Department of the TreasuryCommunity Development Financial Institutions Fund | GrantProject Grant (B) | $12M | 4 Oct 2023 | — | USAspending |
| Legacy Bank & Trust Company | Department of the TreasuryCommunity Development Financial Institutions Fund | GrantProject Grant (B) | $12M | 4 Oct 2023 | — | USAspending |
| Massachusetts Housing Finance Agency | Department of the TreasuryCommunity Development Financial Institutions Fund | GrantProject Grant (B) | $12M | 4 Oct 2023 | — | USAspending |
| Corporation for Supportive Housing | Department of the TreasuryCommunity Development Financial Institutions Fund | GrantProject Grant (B) | $12M | 4 Oct 2023 | — | USAspending |
| Mercy Housing Inc | Department of the TreasuryCommunity Development Financial Institutions Fund | GrantProject Grant (B) | $12M | 4 Oct 2023 | — | USAspending |
| The Community Builders, Inc. | Department of the TreasuryCommunity Development Financial Institutions Fund | GrantProject Grant (B) | $11M | 4 Oct 2023 | — | USAspending |
| Massachusetts Housing Partnership | Department of the TreasuryCommunity Development Financial Institutions Fund | GrantProject Grant (B) | $10M | 4 Oct 2023 | — | USAspending |
| Self-Help Credit Union | Department of the TreasuryCommunity Development Financial Institutions Fund | GrantProject Grant (B) | $10M | 4 Oct 2023 | — | USAspending |
| The Community Development Trust, LP | Department of the TreasuryCommunity Development Financial Institutions Fund | GrantProject Grant (B) | $10M | 4 Oct 2023 | — | USAspending |
| Impact Development Fund | Department of the TreasuryCommunity Development Financial Institutions Fund | GrantProject Grant (B) | $10M | 4 Oct 2023 | — | USAspending |
Other programs numbered 21.xxx
- 21.033 Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) $1.7B
- 21.020 Community Development Financial Institutions Program $807M
- 21.015 Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States $423M
- 21.031 State Small Business Credit Initiative Technical Assistance Grant Program $173M
- 21.009 Volunteer Income Tax Assistance (VITA) Matching Grant Program $145M
- 21.029 Coronavirus Capital Projects Fund $126M
- 21.012 Native Initiatives $100M
- 21.034 State Small Business Credit Initiative Competitive Technical Assistance Program $75M
- 21.017 Social Impact Partnerships to Pay for Results Act (SIPPRA) $45M
Questions and answers
How much is obligated under assistance listing 21.011?
$0 in FY2026 and $568M over the five fiscal years since FY2023, counting every award type recorded under the listing (grants, direct payments, loan subsidy cost, insurance and other assistance). Obligations are commitments, not payments.
Who receives the most under Capital Magnet Fund?
Legacy Bank & Trust Company ($21M), Massachusetts Housing Finance Agency ($21M), Eden Housing, Inc. ($19M), Greater Minnesota Housing Fund ($18M), United Bank ($18M). Individuals are never listed; where a program pays individuals, USAspending records aggregated rows that appear here as "not shown".
What is an assistance listing (CFDA) number?
A five-digit number that identifies a federal financial assistance program on SAM.gov (formerly the Catalog of Federal Domestic Assistance). Every grant, loan, direct payment or other assistance award on USAspending carries one; contracts do not.
Provenance
Source: USAspending.gov API v2, spending by category (assistance listing) by fiscal year, recipient cross-tabulation for FY2022–FY2025 and award search, loaded 30 Sep 2026. State figures come from each state's top-100 listing table, so small amounts in a state may be missing. See methodology.