Rural Housing and Economic Development (14.250)

 

Program

14.250 Rural Housing and Economic Development

 

Federal Agency

Agency: Department of Housing and Urban Development
Office: Office Of Community Planning And Development

 

Authorization

Departments of Veterans Affairs, Housing and Urban Development, and Independent Agencies Appropriations Act of 1998, Public Law 105-276.

, Public Law 105-276.

 

Program Number

14.250

 

Last Known Status

Active

 

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).

 

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. OMB Circular No. A-87 applies to this program.

 

Application and Award Process

Preapplication Coordination

Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.

Application Procedure

This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110. 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

Apr 29, 2009 to May 29, 2009 The NOFA will contain deadlines.

Range of Approval/Disapproval Time

From 60 to 90 days. September 1, 2009.

Appeals

Not Applicable.

Renewals

Not Applicable.

 

Assistance Considerations

Formula and Matching Requirements

This program has no statutory formula.

This program has no matching requirements.

This program does not have MOE requirements.

Length and Time Phasing of Assistance

For a period of 36 months. See the following for information on how assistance is awarded/released: Semi-annual reports are submitted to HUD by grantees.

 

Post Assistance Requirements

Reports

Semi-Annual narrative and statistical reports are required. No cash reports are required. Semi-Annual narrative and statistical reports are required. Semi-Annual narrative and statistical reports are required. HUD's field office staff are authorized to monitor and oversee each active grant.

Audits

In accordance with the 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 than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133. 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.

 

Program Accomplishments

Fiscal Year 2008: 1,720 jobs were created for the period October 1, 2007 to September 30, 2008. Fiscal Year 2009: The projected number of jobs to be created for FY2009 is 214. Fiscal Year 2010: N/A.

 

Financial Information

Account Identification

86-0324-0-1-604.

Obligations

(Project Grants) FY 08 $17,000,000; FY 09 est $26,000,000; FY 10 est $0

Range and Average of Financial Assistance

The maximum amount awarded to a successful applicant is $300,000.

 

Regulations, Guidelines and Literature

The current FY2009 NOFA is published on HUD's website.

 

Related Programs

Not Applicable.

 

Information Contacts

Regional or Local Office

None. Contact appropriate HUD Field Office listed in Appendix IV of the Catalog.

Headquarters Office

Thann Young, Department of Housing and Urban Development, Office of Rural Housing and Economic Development, Room 7137, Washington,, District of Columbia 20410 Email: Thann.Young@HUD.gov Phone: (202) 708-2290 or 1-877-787-2526 Fax: (202) 401-0050

Web Site Address

http://www.hud.gov/offices/cpd/economicdevelopment/programs/

 

Examples of Funded Projects

Not Applicable.

 

Criteria for Selecting Proposals

Balancing the need for assistance with capacity of applicant to effectively use the assistance.