From our colleagues at USDA-Rural Development. Publications emphasis on multi-family housing and New Market Tax Credits (NMTC).
Millennials, Baby Boomers Key to Multifamily Housing Recovery
Jordan Rappaport, a senior economist at the Federal Reserve Bank of Kansas City, discusses his recently published article about the recovery of multifamily home construction and the factors behind the change. The article, Millennials, Baby Boomers, and Rebounding Multifamily Home Construction, is available here
New Market Tax Credits are reinventing rural communities through public-private partnerships that attract new investment capital, support new enterprises, and diversify economies. According to the Daily Yonder, the New Markets Tax Credits program is supporting every industry sector of the economy, from healthcare and hotels to manufacturing and agriculture.
Across the globe, the proliferation of innovation-led economic development is typically viewed in an urban context. Despite cities receiving the bulk of the attention, researchers have begun to focus on how to leverage best practices in rural economic development. Just as is the case in nearly all economic development scenarios, practitioners and policymakers working in rural areas benefit from a better understanding of local strengths and opportunities, according to new research from the United States, Canada, and the European Union. Read more...
The Community Development Financial Institutions Fund (CDFI Fund) has provided an updated Frequently Asked Questions (FAQ) document for NMTC compliance on its website. This document supersedes the December 2014 and October 2015 publications of the FAQ document by adding, revising, or updating select questions from these earlier editions. Updated guidance includes:
· Clarifying guidance on the use of QLICI proceeds to repay incurred costs associated with monetized assets owned or controlled by a QALICB or an Affiliate of a QALICB;
· Clarifying guidance on monitoring compliance with the unrelated entity requirement in Section 3.2(d) of the allocation agreement as it applies to the CY2015 NMTC Application;
· Restrictions on the use of QLICI proceeds to directly or indirectly reimburse expenditures incurred by a QALICB or Project Sponsor as it applies to the CY2015 NMTC Application;
· Defining activities that “support health related services” as it relates to QLICIs in federally designated medically underserved areas;
· Monitoring “Innovative Investments” for the purpose of meeting Section 3.2(l) of the allocation agreement;
· Updated links to resources relating to Areas of Higher Distress;
· Revision to the definition of Real Estate QALICB versus Non-Real Estate QALICB for purposes of the allocation agreement.
Environmental Protection Agency FY 2016 Environmental Workforce Development and Job Training Grants
EPA announces the availability of funds and solicits proposals from eligible entities, including nonprofit organizations, to deliver environmental workforce development and job training programs that recruit, train, and place local, unemployed and under-employed residents with the skills needed to secure full-time employment in the environmental field, with a focus on solid and hazardous waste remediation, environmental health and safety, integrated pest management, and wastewater-related training.
The total funding available under this competitive opportunity is approximately $3,500,000, subject to availability of funds, quality of proposals received, and other applicable considerations for FY 2016. EPA anticipates awarding approximately 17-18 environmental workforce development and job training cooperative agreements at amounts up to $200,000 each.
Deadline: January 14, 2016
Applicants are encouraged to review the Frequently Asked Questions.
U.S. Department of Housing and Urban Development Office of Public and Indian Housing Choice Neighborhoods Planning Grants Program
HUD announces the availability of new funding to help local communities across the country to redevelop severely distressed public and HUD-assisted housing and transform surrounding neighborhoods.HUD anticipates awarding approximately 4 Planning and Action Grants not to exceed $2 million each, and approximately 4 Planning Grants not to exceed $500,000 each. If funds are appropriated by Congress, HUD may, at its discretion, use additional FY2016 Choice Neighborhoods funding to make additional awards under this NOFA. To receive Promise Zones Bonus Points, applicants must submit form HUD 50153, Certification of Consistency with Promise Zone Goals and Implementation, signed by the Promise Zone Official authorized to certify the project meets the criteria to receive bonus points. To view the list of designated Promise Zones, please go to the Promise Zones website. For more information, please refer to pages 48-49 of the application.
Choice Neighborhoods Planning Grant funds are available for public housing authorities, local governments, nonprofit organizations, and tribal entities. Applicants must submit a completed electronic application through www.grants.gov by February 9, 2016.
U.S. Department of Labor Employment and Training Administration $100 Million TechHire Grants Competition
Earlier this year, President Obama announced that as a part of the TechHire initiative, the Administration would commit $100 million to expanding accelerated tech training. On November 17, 2015, the Department of Labor (DOL) released the application for those grants. DOL will award $100 million or more in H-1B funds, including at least $50 million specifically dedicated to supporting young Americans, ages 17 - 29, with barriers to training and employment, to partnerships that can rapidly train and connect workers to well-paying, high-growth jobs across industries such as information technology, health care, and advanced manufacturing.
Deadline: Application must be received by 4:00PM EST on March 11, 2016.
Department of Commerce Economic Development Administration FY 2016 Economic Development Assistance Programs
The Economic Development Administration's (EDA's) mission is to lead the Federal economic development agenda by promoting innovation and competitiveness, preparing American regions for economic growth and success in the worldwide economy. EDA fulfills this mission through strategic investments and partnerships that create the regional economic ecosystems required to foster globally competitive regions throughout the United States. EDA supports development in economically distressed areas of the United States by fostering job creation and attracting private investment. Specifically, under the Economic Development Assistance programs (EDAP) Federal Funding Opportunity (FFO) announcement, EDA will make construction, non-construction, and revolving loan fund investments under the Public Works and Economic Adjustment Assistance (EAA) Programs. Grants made under these programs will leverage regional assets to support the implementation of regional economic development strategies designed to create jobs, leverage private capital, encourage economic development, and strengthen America's ability to compete in the global marketplace. Through the EDAP FFO, EDA solicits applications from rural and urban communities to develop initiatives that advance new ideas and creative approaches to address rapidly evolving economic condition.
Deadline: EDA is employing a new two-phase review process for proposals/applications submitted under this FFO. There are no submission deadlines. Proposals and applications will be accepted on an ongoing basis until the publication of a new EDAP FFO. Proposals will be reviewed by EDA within 30 days of receipt; and following the proposal review, full applications will be reviewed within 60 days of receipt. Please see Section IV of this FFO for complete information on EDA’s two-phase review process.
U.S. Department of Agriculture Rural Development Energy Efficiency and Conservation Loan Program
The USDA Rural Development Energy Efficiency and Conservation Loan Program (EECLP) program provides eligible utilities with low-cost federal financing for energy efficiency and conservation in rural communities of a population of 20,000 or less. Utility borrowers design their own Energy Efficiency programs and can re-lend Rural Development funds to end-users to meet their energy needs. Borrowers can also upgrade their systems to furnish the energy needs of their customers more efficiently. Learn more about the EECLP program.
More information is available on the USDA Rural Development website.
Quality Health Foundation Issues Request for Proposals
Grants of up to $50,000 will be awarded to programs designed to improve access to healthcare services for the unserved and underserved. Projects should demonstrate that improved access through measureable outcomes and stated goals.
DEADLINE: January 15, 2016
Walgreen Community Grant Program
The Walgreen Community Grant Program supports organizations seeking funding for projects focused on improving:
•Access to health and wellness in the community
•Pharmacy education programs and mentoring initiatives
•Civic and community outreach
•Emergency and disaster relief
Deadlines: Applications accepted on an ongoing basis
February 2-4, 1:00 - 5:00pm EST
CDFA is excited to offer the Brownfields Project Marketplace as an opportunity for communities to receive free technical assistance related to the redevelopment and financing of brownfield projects. Join us online February 2-4 to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.
January 14, 2:00 - 3:30pm EST
Join CDFA, US EPA, and experienced brownfield communities as we discuss the potential behind using brownfields as sites for renewable energy generation, the unique financing tools available for these projects, and the potential benefits for impacted communities and energy developers.
BroadbandUSA Webinar: Rural Broadband and Digital Inclusion Planning - Part 1: Gathering Information
December 10, 2015, 1:30-3PM EST
The National Telecommunications and Information Administration's (NTIA) BroadbandUSA team invites you to a webinar on broadband and digital inclusion planning in rural areas. This is the first in a series of webinars about rural planning - future topics will include building partnerships, marketing and outreach, broadband adoption and digital literacy training programs. This webinar will cover how to gather information to best inform your broadband and digital inclusion plan, including asset inventory, survey data, community input and other planning resources. The speakers will share their rural planning experiences, including a range of local, regional, and state planning efforts.
Combining Revitalization and Community Safety Webinar
Given the connection between vacant and blight properties and crime in residential neighborhoods and commercial corridors, it’s vital for law enforcement to be involved in creating redevelopment strategies – but what should those partnerships look like? Representatives from Dayton, Ohio and Austin, Texas will discuss how building strong alliances between community and law enforcements leaders has led to the revitalization of residential neighborhoods and commercial corridors in their own communities. From residential rehabilitation to multifamily and small commercial redevelopment, these communities have leveraged Department of Justice Byrne Criminal Justice Innovation grants to build a collaborative strategy across community groups, developers, and local police departments.
Date and Time: December 7, 2015, 3:30 PM EST
Call-In Number: 866-740-1260
Log-In: ReadyTalk Login
Newsletters and email from which we gather this information include:
v Foundation Center RFP Service - To subscribe visit: http://foundationcenter.org/newsletters/
v To subscribe to the RAC Health Listserv - click here to go to the subscription form.
v Electronic newsletter of the RUPRI Center for Rural Entrepreneurship, Rural Entrepreneurship News. To subscribe, http://team.energizingentrepreneurs.org/news2/public_html/lists/?p=subscribe
v Federal Reserve Bank of Kansas City newsletter: http://www.kansascityfed.org/alert/’
v Blue Avocado Nonprofit Magazine - They have a newsletter on boards and nonprofit management, down-to-earth and useful. http://www.blueavocado.org/
v Rural LISC e-newsletter - http://www.lisc.org/rural
v National Association for Development Organizations (NADO) – www.nado.org
v ERS - A notification service is provided by USDA's Economic Research Service for Charts of Note and other research to keep you informed of the latest and most relevant research on the topics that interest you. You can subscribe at http://www.ers.usda.gov/Updates/
v Orton Family Foundation – email sign-up - http://www.orton.org/sign_up