Appalachia Economic Development Initiative

AEDI s goal is to increase access to capital for business lending and development in the chronically under-served and under-capitalized Appalachian region.

Specifically, it will provide direct investment and technical assistance to community development lending and investing institutions in areas

of the Appalachian Region that suffer from a lack of capacity to support business development.

The AEDI will coordinate with ARC s economic development programs such as the ACC intermediary to identify areas within the Appalachian Region that are most in need of lending and investment capacity.

The AEDI will provide funding and assistance to local rural non-profit organizations that will increase the capital and support available to businesses in under-served communities and enhance the effectiveness of economic development programs for these areas.

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.