Community Development

Border Community Capital Initiative

ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND DEVELOPMENT, HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF

Opportunity #: 14.266

Award Ceiling

$2.0M

Award Floor

N/A

Close Date

N/A

Total Funding

$2.0M

Cost Sharing Required

Grants.gov ID

usa-14.266

Description

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 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: PROJECT GRANTS

Eligible Applicants

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.

Apply on Grants.gov

Always verify details and apply through the official Grants.gov portal. Information here may not reflect the latest changes.

View on Grants.gov

Disclaimer: This information is sourced from Grants.gov and may not reflect the most current details. Always verify eligibility requirements, deadlines, and application procedures on the official program website before applying.