CED projects are expected to:
- Actively recruit low-income individuals to fill the positions created by CED-funded development activities;
- Assist those individuals to successfully hold those jobs;
- Ensure that the businesses and jobs created remain viable for at least one year after the end of the grant period.
The grant period is three years for non-construction projects and five years for construction projects.
To be eligible for CED project grants, applicants must meet the following conditions:
- Applicant must be a private, non-profit CDC with 501(c)(3) or non-501(c)(3) status;
- Applicant must have articles of incorporation, bylaws, or other official documents demonstrating that the CDC has as a principal purpose the planning, developing, or managing of low-income housing or community economic development activities;
- The Board of Directors must have representation from each of the following: community residents, business leaders, and civic leaders.
Applications are due on July 21, 2014 on grants.gov. For more information, click here.
No comments:
Post a Comment