Op-Ed: Capital Magnet Fund Creates ‘Bang for the Buck’ in Affordable Housing
Terry Simonette, Nancy O. Andrews, Don Hinkle-Brown, and Joe Neri
The Capital Magnet Fund is a valuable program created by the U.S. Treasury that leverages private capital to support affordable housing and job creation in underserved communities. Yet, there is an uphill fight in Congress to keep this effort funded. Capital Impact’s CEO, Terry Simonette, joined with the CEO’s of our partner community development financial institutions in this Op-Ed making the case for why the Capital Magnet Fund deserves support.