Delta Community Capital Initiative (DCCI)
The summary for the Delta Community Capital Initiative (DCCI) grant is detailed below.
This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants.
Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact.
If any section is incomplete, please visit the website for the Department of Housing and Urban Development, which is the U.S. government agency offering this grant.
Delta Community Capital Initiative (DCCI): Purpose of the Program: The purpose of the Delta Community Capital Initiative (DCCI) is to support local rural nonprofits and Federally Recognized Indian tribes serving the Lower Mississippi Delta for lending and investing activities in businesses lending and economic development, and for securing additional sources of public and private capital for these activities. DCCI’s goal is to increase access to capital for business lending and development in the chronically underserved and undercapitalized Lower Mississippi Delta Region. Specifically, it will provide direct investment and technical assistance to community development lending and investing institutions so that funding opportunities will be more effective and economic development services will expand to the underserved residents of Lower Mississippi Delta Region. DCCI will focus on helping local financial institutions improve their capacity to raise capital, and to lend and invest in local communities. Strengthening local community development lenders and investors will also widen the channels through which larger private institutions and federal agencies can reach small business owners and entrepreneurs who need their support.
| Federal Grant Title: | Delta Community Capital Initiative (DCCI) |
| Federal Agency Name: | Department of Housing and Urban Development |
| Grant Categories: | Housing |
| Type of Opportunity: | Discretionary |
| Funding Opportunity Number: | FR-5800-N-18 |
| Type of Funding: | Grant |
| CFDA Numbers: | 14.271 |
| CFDA Descriptions: | Delta Community Capital Initiative |
| Current Application Deadline: | Nov 3, 2014 Electronically submitted applications |
| Original Application Deadline: | Nov 3, 2014 Electronically submitted applications |
| Posted Date: | September 4th, 2014 |
| Creation Date: | Sep 4, 2014 |
| Archive Date: | Feb 13, 2015 |
| Total Program Funding: | $1,000,000 |
| Maximum Federal Grant Award: | $1,000,000 |
| Minimum Federal Grant Award: | $100,000 |
| Expected Number of Awards: | 5 |
| Cost Sharing or Matching: | No |
- Applicants Eligible for this Grant
- Native American tribal governments (Federally recognized)
Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education - Additional Information on Eligibility
- Applicants that are eligible to participate in this initiative are community development lenders and investors, which may be local rural non-profit organizations. Applicants do not need to be certified as Community Development Financial Institutions by the CDFI Fund at the time of application. If applicants propose to become certified as a CDFI, they should establish milestones and timeframes toward the CDFI certification process in their application. Applicants may serve markets other than Delta residents and communities, using other sources of financing.
Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement. - Link to Full Grant Announcement
- http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/grants/fundsavail
- Grant Announcement Contact
- Jackie L. Williams
[email protected]
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