Thread: Meet Your New Neighbors… HUD Using YOUR Tax Dollars to Move Them to Your Neighborhood

• Accessibility
• User Guide

Border Community Capital Initiative


Number: 14.266
Agency: Department of Housing and Urban Development
Office: Office of Community Planning and Development

Program Information Authorization (040): Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999, Public Law 105-276. Objectives (050): The Initiative’s goal is to increase access to capital for affordable housing, business lending and community facilities in the chronically underserved and undercapitalized U.S./Mexico border region. Specifically, it will provide direct investment and technical assistance to community development lending and investing institutions that focus on affordable housing, small business and community facilities to benefit the residents of colonias. Funds may be used to support eligible activities that serve the following objectives: • Expanding services in eligible colonias target markets (see below) by established lenders and investors in affordable housing, small business, and community facilities, and/or • Securing new public or private capital sources for lending or investing in affordable housing, small business and community facilities in existing or new eligible target markets. Types of Assistance (060): Project Grants Uses and Use Restrictions (070): Eligible activities include Innovative housing and economic development uses, including but not limited to loan or investment capital, loan loss reserves, program staff costs, information systems, market studies, portfolio analyses and business planning. Eligible activities must support the program objectives described above. Award must be used to support the eligible activities. Eligibility Requirements (080) Applicant Eligibility (081): Applicants that are eligible to participate in this initiative are community development lenders and investors, which may be local rural non-profit organizations or federally recognized tribes. Applicants do not need to be certified as Community Development Financial Institutions by the CDFI Fund at the time of application. Applicants may serve other markets than colonias residents and communities, using other sources of financing. Beneficiary Eligibility (082): Eligible target markets for use of Border Initiative funds include geographic areas defined as colonias by The Cranston-Gonzalez National Afford Housing Act of 1990 (Pub. L. 101-625, Nov. 28, 1990) (the Act) and the Appropriations Act of 1997 (Pub L. 104-204, Sept. 26, 1996, 110 Stat. 2887). Credentials/Documentation (083): No Credentials or documentation are required. This program is excluded from coverage under OMB Circular No. A-87. Application and Award Process (090) Preapplication Coordination (091): Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372. Application Procedures (092): This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110. Information on application procedures is not yet available. Information will be available in Notice of Funds Availability to be released in fiscal year 2013. Award Procedure (093): Information on award procedures is not yet available. Information will be available in Notice of Funds Availability to be released in fiscal year 2013. Deadlines (094): Contact the headquarters or regional office, as appropriate, for application deadlines. Range of Approval/Disapproval Time (095): From 30 to 60 days. Information on application review procedures is not yet available. Information will be available in Notice of Funds Availability to be released in fiscal year 2013. Appeals (096): Not Applicable. Renewals (097): Not Applicable. Assistance Consideration (100) Formula and Matching Requirements (101): This program has no statutory formula. This program has no matching requirements. Information on matching requirements is not yet available. MOE requirements are not applicable to this program. Length and Time Phasing of Assistance (102): Awards will be available for a period of 36 months from the date of execution of the grant agreement. Method of awarding/releasing assistance: by letter of credit. Post Assistance Requirements (110) Reports (111): Information on reporting requirements and procedures are not yet available. Information will be available in Notice of Funds Availability to be released in fiscal year 2013. Information on reporting requirements and procedures are not yet available. Information will be available in Notice of Funds Availability to be released in fiscal year 2013. Information on reporting requirements and procedures are not yet available. Information will be available in Notice of Funds Availability to be released in fiscal year 2013. Information on reporting requirements and procedures are not yet available. Information on reporting requirements and procedures are not yet available. Audits (112): In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133. Records (113): Information on record keeping requirements and procedures are not yet available. Information will be available in Notice of Funds Availability to be released in fiscal year 2013. Financial Information (120) Account Identification (121): 86-0304-0-1-604. Obligations (122): (Project Grants) FY 11 Not Seperately Identifiable(Exp: No grants distributed ); FY 12 Not Seperately Identifiable(Exp: No grants distributed ); and FY 13 est $2,000,000 Range and Average of Financial Assistance (123): Up to $200,000. Program Accomplishments (130): Not Applicable. Regulations, Guidelines, and Literature (140): Information on specific regulations and guidelines are not yet available. Information will be available in Notice of Funds Availability to be released in fiscal year 2013. Information Contacts (150) Regional or Local Office (151) : None. Headquarters Office (152): Russell Quiniola Office of Rural Housing and Economic Development U.S. Department of Housing and Urban Development 451 7th Street SW, Room 7137 , Washington DC, District of Columbia 20410 Email: russell.e.quiniola@hud.gov Phone: 2024023651 Website Address (153): No Data Available Related Programs (160): Not Applicable. Examples of Funded Projects (170): Not Applicable. Criteria for Selecting Proposals (180): Information on application review and selection criteria are not yet available. Information will be available in Notice of Funds Availability to be released in fiscal year 2013. https://www.cfda.gov/?s=program&mode...e272afb11598ee

Rural Gateway Peer-to-Peer Conference Call

A Discussion of the Border Community Capital Initiative Notice of Funding Availability (NOFA)

Date: August 8, 2013
Time: 2:30 pm EDT
The Office of Rural Housing and Economic Development (ORHED) invites you to take part in our next Peer-to-Peer conference call. Scheduled for August 8, 2013 this call will offer participants the opportunity to ask questions about the Border Community Capital Initiative NOFA.

To learn more and to register, visit the OneCPD Training and Events page.
https://www.onecpd.info/news/rural-g...13-230-pm-edt/