Menu
Real estate
Church Construction and the Americans with Disabilities Act
Choosing a Lighting Design for Your Church
Steel Building Design
Future of Dubai Real Estate According to Fitch Rating
Creating a 3D Model for Your Church Design
The Perfect Working Environment
The Future of Steel Buildings in Commercial Construction
Steel Buildings: Get the Best Structures Erected at Affordable Rates
Planning to Build a Church? How to Get Started
The Value of Good Building Plans for Your Church: Developing a Master Plan
Church Architectural Plans: What to Expect in Good Drawings
7 Of The Duties Found For A Quantity Surveyor
Planning Your Building Project Budget: Tricky Costs
States Beginning to Release Updated Development Plans
Points To Consider In A Building Design For Commercial Purpose
Function Meets Design Using Iron Bollards As Architectural Elements
How a Contractor Can Help You Pick the Right Space for Your Next Office
Benefits of Historic Tax Credits
Getting What You Pay for When Hiring a Church Builder
Should All Warehouses Have Composite Lightweight Roofs?
Making Housing Affordable For Military Families
Building Capacity With Technical Assistance Grants
Adding Convenience Feature to the Buildings With Access Audit
Finding Creative Solutions to Redevelopment Challenges
  Funding Rural Housing and Economic Development
Prior to 2010, the U.S. Department of Housing and Urban Development (HUD) encouraged residential and commercial improvement in rural areas via its Rural Housing and Economic Development program. In 2010, however, that program was replaced with one called the Rural Innovation Fund. Money for the program was allocated via the Consolidated Appropriations Act of 2010, and grant applications were accepted from rural-based Housing Finance Authorities, non-profits and other organizations.

According to the Notice of Funding Availability (NOFA) released last year, the Rural Innovation Fund was created to "provide support for highly targeted and innovative grants dedicated to addressing the problems of concentrated rural housing distress and community poverty... " In other words, the grants are intended to encourage affordable housing and mixed-used development in rural communities that don't qualify for other types of development funding.

Grants are available in three separate categories: Comprehensive; Single Purpose; and Economic Development and Entrepreneurship for Federally Recognized Tribes.

Comprehensive grants are awarded to applicants who submit proposals aimed at addressing a variety of community needs. Successful applications must demonstrate a clear understanding of a community's current economic, housing, educational and even infrastructure conditions and shortcomings. The application must include proposals that seek to improve all of those aspects of the community through integrated projects and programs.

In contrast, Single Purpose grants are awarded to proposals that seek to address one area of need in a target community. For example, a successful Single Purpose application may propose innovative solutions for boosting employment and other economic opportunities through continuing education partnerships at local colleges and universities.

The Economic Development and Entrepreneurship grants are awarded exclusively to federally recognized Indian tribes, and are awarded for the same activities as the comprehensive and single purpose grants. In addition, Economic Development applications can include requests for technical grants.

A total of $25,750,000 was allocated for the first round of funding - with $20,750,000 designated for Comprehensive and Single purpose grants, and the remaining $5 million reserved for Indian tribes. The maximum awards for each category were set at $ 2 million, $300,000 and $800,000, respectively. Once a grant agreement has been executed between HUD and a grant recipient, the grantee has 36 months to complete the work outlined in its application.

During this program's inaugural year, over 300 applications were received from across the country, from agencies and organizations focused on improving economic and housing opportunities in rural areas. Requests for funding totaled over $230 million, nearly 10 times what was available. Once the applications were reviewed, scored and ranked, HUD awarded over $28 million to 46 tribal and rural communities.

In the first round of funding, a total of 7 Comprehensive grants were awarded, 31 Single-Purpose and 8 Economic Development, affecting 19 states and over a dozen tribes or tribal affiliates.

The volume of applications and money requested during the first round indicates that the Rural Innovation Fund is a much-needed program. Despite the overwhelming success, HUD has not yet indicated how much funding will be made available for the coming fiscal year.

Pretty In Plastic
Chief Minister Consistent on Development of Lahore's Infrastructure
Reroofing: Six Signs Your Commercial Building Needs a New Roof
Funding Rural Housing and Economic Development
Selecting and Purchasing a Site for Your New Church
Ways to Improve Project Management Efficiency
Qualified Action Plans
Fixing Our Public Housing
Will Everything Be Repaired?
Exploring The Cost of Affordable Housing
Extreme Green Rehabilitation
California's Redevelopment Agencies
Adjusting Geographic Apportionments
Projects in DHA Islamabad Expected to Help in Boosting Pakistan Properties
The Positive Effect of Project Scheduling Principle on the Environment
Specifications and Allowances Included in Your Church Design
Why You Should Consider Steel As a Building Material
Steel Buildings: Three Basic Types
Three Approaches to Constructing a Steel Building
The Cost-Effectiveness of Metal Buildings
Choosing the Right Hydraulic Jack for Construction Work
How Scaffolding Poles Assist in Construction Projects
Flexible Construction Platforms
A Guide to Construction Essentials: Gantry
Essential Scaffolding Equipment System
How Loading Dock Components Should Be Used
The Many Uses of Building Support Materials
Advantages of Platforms in Construction Sites
Menu
No New Construction Jobs Unless They Are Union?
How to Save Money and Time Maintaining Your Commercial Metal Roof System
Church Design Tidbits: Balconies and Landscaping
Gotthard Base Tunnel Sees Daylight
Panama Canal Expansion
Brazil World Cup and Olympics
Subsidies Can Bring Dubai Construction Industry Back on Its Way!
Abu Dhabi Rental Market Equates to Dubai High End Properties
Bollards Affordably Accent Landscapes While Doubling As Security Assets
DHA Lahore Is Involved in Various Breakthrough Projects
Why Properties in Major Cities of Pakistan Are Priced So High?
Expanding Upon the Opportunities That Are Available With Tradies Insurance
How Trade Insurance Can Be Adjusted To Specific Fields
Five Mistakes to Avoid When Picking New Floors for the Office
New Reality for Housing Agencies
What to Look For in a Commercial Construction Contractor
Getting the Best Floor Coating for Your Concrete Surfaces
New Jersey's Affordable Housing Council Abolished
Why The Increase in Construction Lending and What Are The Pros and Cons?
Part J BCA 2011: Summary of Changes
Report Shows Benefits of LIHTC
More Communities Reconsidering Affordable Housing Requirements
The Texas Bootstrap Loan Program
Some Affordable Housing Policies Are Working