The U.S. Department of Housing and Urban Development (HUD) offers the Brownfields Economic Development Initiative (BEDI) grant, designed to stimulate economic development. This grant specifically aids local governments and private sectors in returning brownfields sites to productive economic use. With a maximum award of $2 million, BEDI funds enhance the security or viability of a Section 108 loan guaranteed by HUD, which is used for the same brownfields economic development project. Crucially, all BEDI grants must be used in conjunction with a new Section 108-guaranteed loan commitment. This initiative aims to foster significant economic revitalization at formerly contaminated sites.
Opportunity ID: 47082
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | FR-5300-N-08 |
| Funding Opportunity Title: | Brownfields Economic Development Initiative (BEDI) |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Housing Other (see text field entitled “Explanation of Other Category of Funding Activity” for clarification) |
| Category Explanation: | BEDI is designed to help local governments redevelop brownfields |
| Expected Number of Awards: | – |
| Assistance Listings: | 14.246 — Community Development Block Grants/Brownfields Economic Development Initiative |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 1 |
| Posted Date: | Apr 29, 2009 |
| Last Updated Date: | – |
| Original Closing Date for Applications: | Jun 16, 2009 |
| Current Closing Date for Applications: | Jun 16, 2009 |
| Archive Date: | Jun 20, 2009 |
| Estimated Total Program Funding: | $20,000,000 |
| Award Ceiling: | $2,000,000 |
| Award Floor: | $2,000,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | Eligible Applicants Any public entity eligible to apply for Section 108 loan guarantee assistance in accordance with 24 CFR 570.702, including Guam, the Northern Marianas, American Samoa, and the Virgin Islands for FY2009, may apply for BEDI grant assistance under Section 108(q). Eligible applicants are CDBG entitlement units of general local government and non-entitlement units of general local government eligible to receive loan guarantees under 24 CFR part 570, subpart M. Urban Counties, as defined at 24 CFR 570.3 and 570.307, are eligible applicants for BEDI funds; units of general local government that participate in an Urban County program are not independently eligible applicants. For non-entitlement applicants other than those subject to 24 CFR part 570, subpart F (which applies only to the state of Hawaii), applicants are required to include evidence in the BEDI application from an authorized official of the state agency responsible for administering the State CDBG program stating that it supports the related Section 108 loan with a pledge of its CDBG allocations pursuant to the requirements of 24 CFR §570.705(b)(2). |
Additional Information
| Agency Name: | Department of Housing and Urban Development |
| Description: | The maximum amount of a BEDI award under this competition is $2 million per project. An application in excess of $2 million will be reduced to the extent HUD determines that such a reduction is appropriate and the project remains feasible.
BEDI funds are used to enhance the security of a loan guaranteed by HUD under Section 108 of the Housing and Community Development Act of 1974, as amended, for the same brownfields economic development project, or to improve the viability of a brownfields economic development project financed with the Section 108-guaranteed loan, in order to stimulate economic development by local governments and private sector parties at brownfields sites and to return those sites to productive economic use. All BEDI grants must be used in conjunction with a new Section 108-guaranteed loan commitment. |
| Link to Additional Information: | Brownfields Economic Development webpage |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
David Kaminsky
(202)402-4612 Email:David.Kaminsky@hud.gov |
Version History
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Related Documents
Folder 47082 Full Announcement-1 -> fy 09 bedinofa.pdf
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