This department is offering the Appalachia Economic Development Initiative (AEDI) grant to increase access to capital for business lending in the underserved Appalachian region. The initiative provides direct investment and technical assistance to community development institutions, aiming to enhance economic development programs and support rural non-profit organizations. By strengthening local lenders and investors, AEDI aims to expand opportunities for small business owners and service providers in Appalachian communities. Eligible applicants include State community and economic development agencies. Closing date: Nov 03, 2014.
Opportunity ID: 264013
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | FR-5800-N-19 |
| Funding Opportunity Title: | Appalachia Economic Development Initiative (AEDI) |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Housing |
| Category Explanation: | – |
| Expected Number of Awards: | 5 |
| Assistance Listings: | 14.270 — Appalachia Economic Development Initiative |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 1 |
| Posted Date: | Sep 04, 2014 |
| Last Updated Date: | – |
| Original Closing Date for Applications: | Nov 03, 2014 Electronically submitted applications must be submitted no later than 11:59:59 p.m., ET, on the listed application due date. |
| Current Closing Date for Applications: | Nov 03, 2014 Electronically submitted applications must be submitted no later than 11:59:59 p.m., ET, on the listed application due date. |
| Archive Date: | Feb 13, 2015 |
| Estimated Total Program Funding: | $1,000,000 |
| Award Ceiling: | $1,000,000 |
| Award Floor: | $100,000 |
Eligibility
| Eligible Applicants: | State governments |
| Additional Information on Eligibility: | Applicants that are eligible to participate in this initiative are State community and/or economic development agencies. Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement. |
Additional Information
| Agency Name: | Department of Housing and Urban Development |
| Description: | Program Description: AEDI’s goal is to increase access to capital for business lending and development in the chronically underserved and undercapitalized Appalachian region. Applicants that are eligible to participate in this initiative are State community and/or economic development agencies. Specifically the AEDI 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 through State community and/or economic development agencies to support local rural non-profit organizations that will increase the capital and support available to businesses in underserved communities and enhance the effectiveness of economic development programs for these areas. AEDI will focus on improving Appalachian communities and creating asset building opportunities for Appalachian residents by helping local financial institutions improve their capacity to raise capital from public and private sources, and to lend and invest it in local communities. Strengthening local community development lenders and investors will also widen the channels through which larger private institutions and federal agencies can reach small business owners and service providers who need their support. |
| Link to Additional Information: | http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/grants/fundsavail |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
Jackie Williams
Jackie.Williams@hud.gov Email:Jackie.Williams@hud.gov |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
Related Documents
There are no related documents on this grant.
Packages
| Agency Contact Information: | Jackie Williams Jackie.Williams@hud.gov Email: Jackie.Williams@hud.gov |
| Who Can Apply: | Organization Applicants |
| Assistance Listing Number | Competition ID | Competition Title | Opportunity Package ID | Opening Date | Closing Date | Actions |
|---|---|---|---|---|---|---|
| 14.270 | FR-5800-N-19 | Appalachia Economic Development Initiative (AEDI) | PKG00205024 | Sep 04, 2014 | Nov 03, 2014 | View |
Package 1
Mandatory forms
264013 SF424_2_1-2.1.pdf
264013 HUD_FaxTransmittal-1.1.pdf
Optional forms
264013 HUD_DetailedBudget-1.1.pdf
264013 HUD_DisclosureUpdateReport-1.1.pdf
Share This Post, Choose Your Platform!
About the Author: osnqt
