Rural Housing and Economic Development

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.


credit:

Agency - Department of Housing and Urban 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.

Office - Contact appropriate HUD Field Office listed in Appendix IV of the Catalog.



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.



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