Rural Housing and Economic Development
Program Objective
To build capacity at the State and local level for rural housing and economic development and to support innovative housing and economic development activities in rural areas.
Eligibility
Eligible Applicants
- Other Special District Government
Local rural nonprofit organizations, community development corporations, Federally recognized Indian Tribes, State Housing Financing Agencies and State Community and/or Economic Development Agencies.
How to Apply
Award Procedure
Competition is required for grants. Awards to applicants securing the highest scores in relation to the selecting factors outlined in the NOFA.
Decision Timeline
- Approval: From 60 to 90 days
September 1, 2009.
Program details & compliance
Description
Rural housing and economic development are intrinsically linked, with USDA Rural Development providing key loans, grants, and loan guarantees to boost housing affordability, infrastructure, and business growth in rural areas. These programs tackle high rates of cost-burdened households (3 in 10 rural households) by supporting homeownership, rental properties, and essential community facilities, ultimately driving economic security.
Mission Categories
Primary: Rural Housing
Other categories:
Economic Development
Use of Funds
Allowed Uses
Grants can be used to support innovative housing and economic development activities for this program. More specific information is provided in the Notice of Funding Availability (NOFA).
Required Documentation
As required by the NOFA.
Reporting & Compliance
Applicable 2 CFR 200 Subparts
- Subpart E — Cost Principles
- Subpart F — Audit Requirements