Federal grants to Cinnaire Lending Corporation
Cinnaire Lending Corporation in Chicago, Illinois received $29.1 million in federal grants from fiscal 2021 to 2025, across 5 awards. Its largest program was Capital Magnet Fund, with $22.3 million. In fiscal 2025 it was awarded $7.5 million.
From USAspending.gov award records, updated October 31, 2026.
- Grants, FY 2021 to 2025$29.1 million
- Awards5
- Awarded in FY 2025$7.5 million
- Largest award$10.0 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 2 | $6.6 million |
| FY 2022 | 1 | $10.0 million |
| FY 2023 | 1 | $5.0 million |
| FY 2024 | 0 | $0 |
| FY 2025 | 1 | $7.5 million |
Programs that fund Cinnaire Lending Corporation
| Program | Awards | Amount |
|---|---|---|
| Capital Magnet Fund | 3 | $22.3 million |
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $5.0 million |
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 5 | $29.1 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 | $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 15, 2024 | $7.5 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 | $5.0 million |
| Capital magnet fund award | Capital Magnet Fund | February 22, 2021 | $4.8 million |
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 million |
Questions people ask
How much federal grant money does Cinnaire Lending Corporation get?
$29.1 million in 5 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Cinnaire Lending Corporation the most?
The Department of the Treasury, with $29.1 million in 5 awards.
What is Cinnaire Lending Corporation's largest federal grant?
$10.0 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 Cinnaire Lending Corporation?
Its largest are Capital Magnet Fund, Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) and Community Development Financial Institutions Rapid Response Program (CDFI RRP).
Other grant recipients in Chicago
- Chicago Transit Authority
- Northeast Illinois Railroad Co
- The University of Chicago
- University of Illinois
- Illinois Department of Employment Security
- Chicago Housing Authority
- Chicago Department of Public Health
- City of Chicago
Largest federal grant recipients in Illinois · Federal grants in Illinois