HUD Rural Housing and Economic Development Program CFDA 14.250

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. Applications are due by May 29, 2009.

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.)

Eligible Grantees
Eligible
applicants are local rural non-profits, community development
corporations (CDCs), federally recognized Indian tribes, state housing
finance agencies (HFAs), and state community and/or economic
development agencies.

Document Type: Grants Notice
Funding Opportunity Number: FR-5300-N-04
Opportunity Category: Discretionary
Posted Date: Apr 29, 2009
Creation Date: Apr 29, 2009
Original Closing Date for Applications: May 29, 2009
Current Closing Date for Applications: May 29, 2009
Archive Date: May 30, 2009
Funding Instrument Type: Grant
Category of Funding Activity: Housing
Other (see text field entitled “Explanation of Other Category of Funding Activity” for clarification)
Category Explanation: Support for innovative housing and economic development activities in rural areas
Expected Number of Awards:
Estimated Total Program Funding: $26,000,000
Award Ceiling:
Award Floor:
CFDA Number(s): 14.250 — Rural Housing and Economic Development
Cost Sharing or Matching Requirement: No

Rural Housing and Economic Development website

List of 2008 Grant Recipients

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