federal_register: 00-16544
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 00-16544 | Notice of Funding Availability for the Economic Development Initiative (EDI) Community Empowerment Fund (CEF) Pilot | Notice | Purpose of the Program. This Notice of Funding Availability (NOFA) announces the availability of $10 million in FY-1998 EDI funds to stimulate economic development by local governments and private sector parties. HUD desires to see the EDI funds made available under this NOFA and the related Section 108 funds used to finance loans to businesses for eligible economic development projects that will provide near-term results and demonstrable economic benefits, such as job creation, needed business services and facilities in underserved areas, and increases in the local tax base. Under this NOFA (in contrast to previous EDI NOFAs), the use of EDI funds is specifically limited to the funding of a common debt service/loan loss reserve to enhance the security of the related obligations guaranteed by HUD under Section 108 of the Act (as defined in Section III(A)(1) below). An EDI grant under this NOFA must be used in conjunction with a new Section 108-guaranteed loan commitment, at a minimum ratio of at least $1 of EDI funds for every $7 of new section 108 proceeds used. Available Funds. $10 million in funds appropriated for FY-1998 is available for EDI grants under this NOFA. Eligible Applicants. Eligible applicants are Community Development Block Grant 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 in 24 CFR 570.3 and 570.307 may apply for funding, but units of general local government which participate in the Urban County may not submit an application independent of the Urban County. Application Deadline. August 18, 2000. Match. None. | 2000-06-30 | 2000 | 6 | https://www.federalregister.gov/documents/2000/06/30/00-16544/notice-of-funding-availability-for-the-economic-development-initiative-edi-community-empowerment | https://www.govinfo.gov/content/pkg/FR-2000-06-30/pdf/00-16544.pdf | Housing and Urban Development Department | 228 | Purpose of the Program. This Notice of Funding Availability (NOFA) announces the availability of $10 million in FY-1998 EDI funds to stimulate economic development by local governments and private sector parties. HUD desires to see the EDI funds made... |