HUD Accepting Applications for Rural Innovation Fund

HUD recently posted a funding notice for its new Rural Innovation Fund. The more than $25 million fund aims to help rural and tribal communities in need of resources to address distressed housing conditions and concentrated poverty. Single Purpose Grants of up to $300,000 are available for proposals that target a single economic or housing need, such as preservation, within the identified community. Comprehensive Grants of up to $2 million require proposed activities that address social, housing, and economic needs within the target community. Grants of up to $800,000 are available only to federally recognized tribes to support economic development and entrepreneurship. In all cases, HUD seeks innovative proposals that leverage other resources. Completed applications are due February 23, 2011. Click here for links to the NOFA and other application materials.

— Posted on 1/12/2011