[CPEO-BIF] Brownfields Economic Development Initiative Notice of Funding Availability

[Lenny Siegel <lsiegel@cpeo.org>]

HUD announced today that it is conducting a second competition under its 
FY 2009 Brownfields Economic Development Initiative.

BEDI projects must increase economic opportunity for persons of low and 
moderate income or stimulate and retain businesses and jobs that lead to 
economic revitalization.

This second round of competition makes approximately $8.1 million in 
assistance available under the Department of Housing and Urban 
Development Appropriations Act. All BEDI grants must be used in 
conjunction with a new Section 108-guaranteed loan Commitment (*). 
Applicants for BEDI assistance must address the requirements established 
by HUD's Fiscal Year 2009 Notice of Funding Availability (NOFA) Policy 
Requirements and General Section to the NOFA published on December 29, 
2008, as amended on April 16, 2009.

The BEDI NOFA providing information regarding the application process, 
funding criteria and eligibility requirements is available on the 
Grants.gov Web site at 
https://apply07.grants.gov/apply/forms_apps_idx.html. A link to 
Grants.gov is also available on the HUD Web site at 
http://www.hud.gov/offices/adm/grants/fundsavail.cfm. The Catalogue of 
Federal Domestic Assistance (CFDA) number for the BEDI Program is 
14.246. Applications must be submitted electronically through Grants.gov.

(*) Section 108 is the loan guarantee provision of the Community 
Development Block Grant (CDBG) program. The BEDI funds minimize the 
potential loss of future CDBG allocations. Both Section 108 loan 
proceeds and BEDI grant funds are initially made available by HUD to 
public entities approved for assistance. Such public entities may 
re-loan the Section 108 loan proceeds and provide BEDI funds to a 
business or other entity to carry out an approved economic development 
project, or the public entity may carry out the eligible project itself.



--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org



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