Delta Community Capital Initiative (DCCI)

Post Date

September 4th 2014

Application Due Date

November 3rd 2014

Electronically submitted applications must be submitted no later than 11:59:59 p.m., ET, on the listed application due date.

Funding Opportunity Number

FR-5800-N-18

CFDA Number(s)

14.271

Funding Instrument Type(s)

Grant

Funding Activity Categories

Housing

Number of Awards

5

Eligibility Categories

Federally Recognized Native American Tribal Governments
Non-Profits With 501 (c) (3) Status With The IRS (Except Higher Education Institutions)

Applicants that are eligible to participate in this initiative are community development lenders and investors, which may be local rural non-profit organizations. Applicants do not need to be certified as Community Development Financial Institutions by the CDFI Fund at the time of application. If applicants propose to become certified as a CDFI, they should establish milestones and timeframes toward the CDFI certification process in their application. Applicants may serve markets other than Delta residents and communities, using other sources of financing. Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement.

Funding

• Estimated Total Funding:

  $1000000

• Award Range:

  $100000 - $1000000

Grant Description

Purpose of the Program: The purpose of the Delta Community Capital Initiative (DCCI) is to support local rural nonprofits and Federally Recognized Indian tribes serving the Lower Mississippi Delta for lending and investing activities in businesses lending and economic development, and for securing additional sources of public and private capital for these activities. DCCI’s goal is to increase access to capital for business lending and development in the chronically underserved and undercapitalized Lower Mississippi Delta Region. Specifically, it will provide direct investment and technical assistance to community development lending and investing institutions so that funding opportunities will be more effective and economic development services will expand to the underserved residents of Lower Mississippi Delta Region. DCCI will focus on helping local financial institutions improve their capacity to raise capital, and to lend and invest in local communities. Strengthening local community development lenders and investors will also widen the channels through which larger private institutions and federal agencies can reach small business owners and entrepreneurs who need their support.

Contact Information

• Agency

  Department of Housing and Urban Development

• Office:

  None

• Agency Contact:

  Jackie L. Williams
  Jackie.Williams@hud.gov
  

• Agency Mailing Address:

  Grants Policy

• Agency Email Address:

  Jackie.Williams@hud.gov

• More Information:

  http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/grants/fundsavail