Government Grants
Business Grants
Home Owner Programs
Federal Programs
About Us
Rural Housing and Economic Development
The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.
http://www.hud.gov/offices/cpd/economicdevelopment/programs/
Relevant Nonprofit Program Categories
Program Accomplishments
854 jobs were created for the period October 1, 2006 to September 30, 2007.
Uses and Use Restrictions
Grants can be used to support innovative housing and economic development activities for this program.
More specific information is provided in the Notice of Funding Availability (NOFA).
Eligibility Requirements
Applicant Eligibility
Local rural nonprofit organizations, community development corporations, Federally recognized Indian Tribes, State Housing Financing Agencies and State Community and/or Economic Development Agencies.
Beneficiary Eligibility
Local and rural communities.
Credentials/Documentation
As required by the NOFA.
Aplication and Award Process
Preapplication Coordination
None.
This program is excluded from coverage under E.O.
12372.
Application Procedures
The Federal Register NOFA will detail each competition's submission requirements and the competitive funding.
Award Procedures
Competition is required for grants. Awards to applicants securing the highest scores in relation to the selecting factors outlined in the NOFA.
Deadlines
The NOFA will contain deadlines.
Authorization
Public Law 105-276 - October 21, 1998.
Range of Approval/Disapproval Time
September 1, 2008.
Appeals
None.
Renewals
None.
Assistance Considerations
Formula and Matching Requirements
None.
Length and Time Phasing of Assistance
For a period of 36 months.
Post Assistance Requirements
Reports
Semi-Annual narrative and statistical reports are required.
Audits
In accordance with provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations, nonfederal entities that expend financial assistance of $500,000 or more in Federal Awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less that $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133.
Records
Each recipient must maintain records to facilitate audits of funds, disposition of proceeds, costs from all sources, in-kind/cash contributions and information on housing, and other facilities connected with the use of the funds.
Financial Information
Account Identification
86-0324-0-1-604.
Obigations
FY 07 $16,830,000; FY 08 est $17,000,000; and FY 09 est $0. (Note: Amounts reported reflect allocation of new budget authority rather than obligation amounts).
Range and Average of Financial Assistance
Maximum award amount is $300,000.
Regulations, Guidelines, and Literature
None.
Information Contacts
Regional or Local Office
Contact appropriate HUD Field Office listed in Appendix IV of the Catalog.
Headquarters Office
Thann Young, Office of Rural Housing and Economic Development, Community Planning and Development 451 7th St., S.W., Rm. 7137, Washington, DC 20410. Telephone: (202) 708-2290.
Criteria for Selecting Proposals
Balancing the need for assistance with capacity of applicant to effectively use the assistance.
Social Entrepreneurship
Spotlight
Colombian Social Entrepreneur Hopes to Shake and Change the World
Young at 24, Juan David Aristizabal Ospina is a social entrepreneur who founded Buena Nota, a platform that accentuates social entrepreneurs and citizens in Colombia making  positive changes and raising awareness about social problems that need to be addressed.
