Rural Housing and Economic Development Program

Post Date

April 29th 2009

Application Due Date

May 29th 2009

Funding Opportunity Number

FR-5300-N-04

CFDA Number(s)

14.250

Funding Instrument Type(s)

Grant

Funding Activity Categories

Housing
Other

Support for innovative housing and economic development activities in rural areas

Eligibility Categories

Other

Eligible Applicants. Eligible Category (1) and Category (2) applicants for the Rural Housing and Economic Development program are local rural nonprofit organizations, community development corporations, federally recognized Indian tribes, state housing finance agencies, and state community and/or economic development agencies. Also, you must meet all of the applicable eligibility requirements described in Section III.C of the General Section.

Funding

• Estimated Total Funding:

  $26000000

• Award Range:

  $None - $None

Grant Description

The purpose of the Rural Housing and Economic Development program is to provide support for innovative housing and economic development activities in rural areas. The funds made available under this program will be awarded competitively through a selection process conducted by HUD in accordance with the HUD Reform Act. Funding Award Amount. HUD will award up to approximately $26,000,000 on a competitive basis in the following categories: Category (1) Support for Innovative Housing and Economic Development Activities; Category (2) Economic Development and Entrepreneurship for Federally Recognized Indian Tribes; and Category (3) Technical Assistance to Increase Capacity through Training and Outreach Activities for Federally Recognized Indian Tribes. HUD will accept only one application from any given organization. (Note that if the organization is a federally recognized Indian tribe, it must specify in the abstract (see IV.B.1.b. Application Items), which funding category, (1) or (2) for which the tribe is applying. Category 1 Support for Innovative Housing and Economic Development Activities. HUD will award up to approximately $17 million to federally recognized Indian tribes, state housing finance agencies (HFAs), state community and/or economic development agencies, local rural nonprofit organizations, and community development corporations to support innovative housing and economic development activities in rural areas. The maximum amount awarded to a successful applicant will be $300,000. (See Section V for the Rating Factors for this category.) Category 2 Economic Development and Entrepreneurship for Federally Recognized Indian Tribes. HUD will award up to approximately $8 million to federally recognized Indian tribes to promote economic development and entrepreneurship through activities including the capitalization of revolving loan programs and business planning and development. The maximum amount awarded to successful applicant will be $300,000. (See Section V for the Rating Factors for this category.) Category 3 Technical Assistance to Increase Capacity through Training and Outreach Activities for Federally Recognized Indian Tribes. HUD will award up to approximately $1 million to a technical assistance provider to increase the capacity of Federally Recognized Indian tribes through training and outreach activities. (See Section VIII for the Rating Factors for this category.)

Contact Information

• Agency

  Department of Housing and Urban Development

• Office:

  None

• Agency Contact:

  Community Planning and Development Specialist, telephone 202-708-2290 (this is not a toll-free number) or 1-877-787-2526 (this is a toll-free number)

• Agency Mailing Address:

  No email address see Agency Contact Information

• Agency Email Address:

  @hud.gov

• More Information:

  Rural Housing and Economic Development website