Community Economic Development Projects

Description

In Fiscal Year (FY) 2009, contingent upon available funding, the Office of Community Services (OCS) will award Community Economic Development (CED) discretionary grant funds to Community Development Corporations (CDCs) for well-planned, financially viable, and innovative projects to enhance job creation and business development in low-income communities. The grants will be made as part of a broader strategy to address objectives such as arresting tendencies toward financial dependency, chronic unemployment, and community deterioration in urban and rural areas.

These grants are intended to help CDCs, alone or in partnership with third-party partners, create business development and expansion opportunities that will address the economic needs of low-income individuals through the creation of employment and business opportunities in low-income communities. Grantees must recruit low-income individuals to fill the positions, offer support to help those individuals successfully hold those jobs, and ensure that the businesses and the jobs created remain viable for at least two years after the end of the grant period. For CED grants, low-income individuals are defined as those living in households with incomes at or below 125 percent of the U.S. Department of Health and Human Services (HHS) Guidelines on Poverty, found at http://aspe.hhs.gov/poverty/index.shtml.

Eligible Entities

An applicant must be a private, non-profit CDC with 501(c)(3) IRS status experienced in planning, developing, or managing low-income housing or community development activities.  For purposes of this grant program, the CDC must be governed by a Board of Directors consisting of residents of the community and business and civic leaders. The CDC must have as a principal purpose: planning, developing, or managing low-income housing or community development activities.

Faith-based and community organizations that meet the statutory eligibility requirements are eligible to apply under this announcement.

Foreign entities are not eligible under this announcement.

Faith-based and community organizations are eligible to apply under this announcement.

Available Funds

Explanation of Other:

Applications for operational projects exclusively for construction may have budget and project periods of up to five years (60 months) with use of funds consistent with the work plan. Applications for non-construction operational projects may have budget and project periods for up to three years (36 months) consistent with the work plan. Applicants must indicate their expected project period and budget periods for the proposed project.

Cost Sharing

None

Facilities and Administrative Costs

Overhead costs of an organization that has been approved by HHS or other Federal agencies for use in applying for Federal funds.

Key Dates

More Info + Submissions

Agency: Department of Health and Human Services (HHS)
Expires: May 28, 2009

Submissions for this opportunity are not handled by RI STAC or RI EPSCoR. Please follow the link below for more information on the opportunity and how to submit a response.

›› More Info  or  Submit a Response