Federal grants to The Virginia Community Development Fund, Inc.
The Virginia Community Development Fund, Inc. in Richmond, Virginia received $9.7 million in federal grants from fiscal 2021 to 2025, across 5 awards. Its largest program was Capital Magnet Fund, with $6.3 million. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated October 31, 2026.
- Grants, FY 2021 to 2025$9.7 million
- Awards5
- Awarded in FY 2025$0
- Largest award$4.0 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 2 | $4.0 million |
| FY 2022 | 0 | $0 |
| FY 2023 | 1 | $894,860 |
| FY 2024 | 2 | $4.8 million |
| FY 2025 | 0 | $0 |
Programs that fund The Virginia Community Development Fund, Inc.
| Program | Awards | Amount |
|---|---|---|
| Capital Magnet Fund | 2 | $6.3 million |
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $894,860 |
| Community Development Financial Institutions Program | 1 | $800,000 |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 5 | $9.7 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 | October 4, 2023 | $4.0 million |
| Capital magnet fund award | Capital Magnet Fund | February 22, 2021 | $2.3 million |
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 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 | $894,860 |
| 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 | $800,000 |
Questions people ask
How much federal grant money does The Virginia Community Development Fund, Inc. get?
$9.7 million in 5 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives The Virginia Community Development Fund, Inc. the most?
The Department of the Treasury, with $9.7 million in 5 awards.
What is The Virginia Community Development Fund, Inc.'s largest federal grant?
$4.0 million under Capital Magnet Fund, with its first action in the period on October 4, 2023. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund The Virginia Community Development Fund, Inc.?
Its largest are Capital Magnet Fund, Community Development Financial Institutions Rapid Response Program (CDFI RRP) and Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP).
Other grant recipients in Richmond
- VA Department of Medical Assistance Service
- Commonwealth of Virginia State Board of Education
- Virginia Department of Transportation
- Virginia Department of Social Services
- Housing & Community Development Virginia Department of
- VA Department of Transportation
- Emergency Mgmt Department of
- State Corporation Commission
Largest federal grant recipients in Virginia · Federal grants in Virginia