Federal grants to Raza Development Fund Inc
Raza Development Fund Inc in Phoenix, Arizona received $40.4 million in federal grants from fiscal 2021 to 2025, across 6 awards. Its largest program was Capital Magnet Fund, with $21.0 million. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated November 7, 2026.
- Grants, FY 2021 to 2025$40.4 million
- Awards6
- Awarded in FY 2025$0
- Largest award$12.0 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 1 | $1.8 million |
| FY 2022 | 1 | $12.0 million |
| FY 2023 | 1 | $6.2 million |
| FY 2024 | 3 | $20.4 million |
| FY 2025 | 0 | $0 |
Programs that fund Raza Development Fund Inc
| Program | Awards | Amount |
|---|---|---|
| Capital Magnet Fund | 2 | $21.0 million |
| Credit Enhancement for Charter School Facilities | 1 | $10.0 million |
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $6.2 million |
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
| Community Development Financial Institutions Program | 1 | $1.4 million |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 5 | $30.4 million |
| Department of Education | 1 | $10.0 million |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| Purpose: to attract financing for and increase investment in affordable housing for primarily low income, very low income, and extremely low income people and for certain related economic and community development activities. Planned activities: through competitive grants, the capital magnet fund (c | Capital Magnet Fund | June 22, 2022 | $12.0 million |
| An additional catalyst for rdf's direct lending products, specifically tailored for subordinated financing purposes, empowering eligible charter schools to access low-interest subordinated financing. | Credit Enhancement for Charter School Facilities | September 25, 2024 | $10.0 million |
| Purpose: to attract financing for and increase investment in affordable housing for primarily low income, very low income, and extremely low income people and for certain related economic and community development activities. Planned activities: through competitive grants, the capital magnet fund (c | Capital Magnet Fund | October 4, 2023 | $9.0 million |
| Purpose: to provide grants to community development financial institutions (CDFIS) for the following purposes 1) to expand lending, grant making and investment activities in low or moderate income communities and to borrowers that have historically experienced significant unmet capital and financial | Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | April 10, 2023 | $6.2 million |
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 million |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | September 26, 2024 | $1.4 million |
Questions people ask
How much federal grant money does Raza Development Fund Inc get?
$40.4 million in 6 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Raza Development Fund Inc the most?
The Department of the Treasury, with $30.4 million in 5 awards. The Department of Education follow.
What is Raza Development Fund Inc's largest federal grant?
$12.0 million under Capital Magnet Fund, with its first action in the period on June 22, 2022. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Raza Development Fund Inc?
Its largest are Capital Magnet Fund, Credit Enhancement for Charter School Facilities and Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP).
Other grant recipients in Phoenix
- Arizona Health Care Cost Containment System
- Arizona Department of Education
- Arizona Department of Economic Security
- Department of Transportation Arizona
- Arizona Department of Health Services
- City of Phoenix
- Arizona Commerce Authority
- Arizona Department of Emergency & Military Affairs
Largest federal grant recipients in Arizona · Federal grants in Arizona