HUD is offering the Rural Housing and Economic Development Grant to foster innovative housing and economic growth in rural areas.

Funding Award Amount. HUD will award up to approximately $26,000,000 on a competitive basis in the following categories: Category (1) Support for Innovative Housing and Economic Development Activities; Category (2) Economic Development and Entrepreneurship for Federally Recognized Indian Tribes; and Category (3) Technical Assistance to Increase Capacity through Training and Outreach Activities for Federally Recognized Indian Tribes.
HUD will accept only one application from any given organization. (Note that if the organization is a federally recognized Indian tribe, it must specify in the abstract (see IV.B.1.b. Application Items), which funding category, (1) or (2) for which the tribe is applying.
Category 1 Support for Innovative Housing and Economic Development Activities. HUD will award up to approximately $17 million to federally recognized Indian tribes, state housing finance agencies (HFAs), state community and/or economic development agencies, local rural nonprofit organizations, and community development corporations to support innovative housing and economic development activities in rural areas. The maximum amount awarded to a successful applicant will be $300,000. (See Section V for the Rating Factors for this category.)
Category 2 Economic Development and Entrepreneurship for Federally Recognized Indian Tribes. HUD will award up to approximately $8 million to federally recognized Indian tribes to promote economic development and entrepreneurship through activities including the capitalization of revolving loan programs and business planning and development. The maximum amount awarded to successful applicant will be $300,000. (See Section V for the Rating Factors for this category.)
Category 3 Technical Assistance to Increase Capacity through Training and Outreach Activities for Federally Recognized Indian Tribes. HUD will award up to approximately $1 million to a technical assistance provider to increase the capacity of Federally Recognized Indian tribes through training and outreach activities. (See Section VIII for the Rating Factors for this category.)