Wednesday, April 23, 2008

Community Economic Development Program Operational Projects

In Fiscal Year (FY) 2008, contingent upon available funding, the Office of Community Services (OCS) will award Community Economic Development (CED) discretionary grant funds for well-planned, financially viable, and innovative projects. OCS will award funds to Community Development Corporations (CDCs) that are experienced in implementing economic development projects. OCS intends that grant funds awarded under this announcement will provide resources to eligible CDCs for their job creation and business projects, as a strategy to address broader objectives such as arresting tendencies toward financial dependency, chronic unemployment, and community deterioration in both urban and rural areas. Eligible CDCs must submit a business plan that demonstrates the economic viability of the venture.

OCS Full Announcement

An applicant must be a private, non-profit CDC experienced in developing and managing economic development projects. 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. An applicant must document its eligibility as a CDC for the purposes of this grant program. The application must include a list of governing board members that provides a designations as one of the three types: a community resident, business, or civic leader. In addition, the application must include documentation that the organization has as a primary purpose: planning, developing, or community development or managing low-income housing activites. This documentation may include incorporation documents or other CDC organizational documents (e.g., article of incorporation papers, by-laws, official documents that identify the organization). Faith-based and community organizations are eligible to apply. Foreign entities are not eligible under this announcement.

Document Type: Grants Notice
Funding Opportunity Number: HHS-2008-ACF-OCS-EE-0024
Opportunity Category: Discretionary
Posted Date: Apr 23, 2008
Creation Date: Apr 23, 2008
Original Closing Date for Applications: Jun 25, 2008
Current Closing Date for Applications: Jun 25, 2008
See link to full announcement for details. IMPORTANT NOTE: Applications submitted electronically via must be submitted no later than 4:30 p.m., eastern time, on the due date referenced above.
Archive Date: Jul 25, 2008
Funding Instrument Type: Grant

Category of Funding Activity: Income Security and Social Services

Category Explanation:
Expected Number of Awards: 45
Estimated Total Program Funding: $29,000,000
Award Ceiling: $700,000
Award Floor: $0
CFDA Number: 93.570 -- Community Services Block Grant_Discretionary Awards
Cost Sharing or Matching Requirement: No

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