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HUD Hope VI Main Street Grants Notice of Funding Availability

June 24, 2013View for printing

http://portal.hud.gov/hudportal/HUD? ... /mainstreet

Deadline: July 22, 2013

Overview

Main Street area revitalization efforts seek to rejuvenate older, downtown business districts while retaining the area's traditional and Historic character. The purpose of the HOPE VI Main Street Program is to provide assistance to smaller communities in the development of affordable housing that is undertaken in connection with a Main Street revitalization effort. Obsolete commercial offices or buildings can be reconfigured into rent producing affordable housing.

In December, 2003, the American Dream Downpayment Act became law. This Act amended the statute that controls the HOPE VI program. Part of the Act set aside a portion of all future HOPE VI funds for grants to small communities that have Main Street rejuvenation projects. The Act limited the size of communities that are eligible for these grants to a population of 50,000, and 100 or less physical public housing units. Section 8 Housing Choice Vouchers do not affect the number of public housing units.

Main Street Grants Notice of Funding Availability The FY 2013-14 Main Street Notice of Funds Availability (NOFA) was issued by HUD on May 22, 2011 and announced approximately $500,000 available for award. The deadline date for application submission is July 22, 2013. Congress funded Main Street for FY 2013. Per the FY 2013-14 NOFA, funds from this appropriation will be awarded to eligible applicants that apply in FY 2013 under the above NOFA. FY 2014 funds have not been appropriated for this program as of the publication of this NOFA. The award of FY 2014 Main Street funds for FY 2013 applicants is contingent upon future congressional action. HUD's intent to award FY 2014 funds to FY 2013 applicants will be announced separately if such funds become available.

Only units of general local government, as defined in the NOFA, are eligible to apply. The primary eligibility requirements are that the applicant:

1.Be a local government (subdivision of a State or Territory); 2.Have a population of 50,000 or less within its jurisdiction; and 3.Have 100 or fewer physical public housing units within its jurisdiction. In general, the grant funds can be used to reconfigure obsolete or surplus commercial space (or extremely substandard, vacant housing) into, or build new, Main Street affordable housing units. The grant funds cannot be used on general infrastructure or commercial development. The funds in the NOFA must be used to assist Units of Local Government that have existing Main Street area rejuvenation projects and have the population and public housing unit limits stated above. Main Street housing units must be affordable to the initial residents that occupy the Main Street housing project.
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