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| 14.250 RURAL HOUSING AND ECONOMIC DEVELOPMENT |
| FEDERAL AGENCY |
| COMMUNITY PLANNING AND DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT |
| AUTHORIZATION |
| Public Law 105-276 - October 21, 1998. |
| OBJECTIVES |
| To build capacity at the State and local level for rural housing and economic development and to support innovative housing and economic development activities in rural areas. |
| TYPES OF ASSISTANCE |
| Project Grants. |
| 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). |
| 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. |
| Preapplication Coordination |
| None. This program is excluded from coverage under E.O. 12372. |
| Application Procedure |
| The Federal Register NOFA will detail each competition's submission requirements and the competitive funding. |
| Award Procedure |
| 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. |
| Range of Approval/Disapproval Time |
| September 1, 2008. |
| Appeals |
| None. |
| Renewals |
| None. |
| Formula and Matching Requirements |
| None. |
| Length and Time Phasing of Assistance |
| For a period of 36 months. |
| 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. |
| Account Identification |
| 86-0324-0-1-604. |
| Obligations |
| 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. |
| PROGRAM ACCOMPLISHMENTS |
| 854 jobs were created for the period October 1, 2006 to September 30, 2007. |
| REGULATIONS, GUIDELINES, AND LITERATURE |
| None. |
| 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. |
| Web Site Address |
| http://www.hud.gov/offices/cpd/economicdevelopment/programs/ |
| RELATED PROGRAMS |
| None. |
| EXAMPLES OF FUNDED PROJECTS |
| None. |
| CRITERIA FOR SELECTING PROPOSALS |
| Balancing the need for assistance with capacity of applicant to effectively use the assistance. |
|
General Services Administration Office of Chief Acquisition Officer Regulatory and Federal Assistance Division (VIR) |
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