Brownfield Economic Development Initiative (BEDI)

The summary for the Brownfield Economic Development Initiative (BEDI) 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.
Brownfield Economic Development Initiative (BEDI): BEDI funds are used to enhance the security of a loan guaranteed by HUD under Section 108 of the Housing and Community Development Act of 1974, as amended, for the same brownfields economic development project, or to improve the viability of a brownfields economic development project financed with the Section 108-guaranteed loan, in order to stimulate economic development by local governments and private sector parties at brownfields sites and to return those sites to productive economic use. All BEDI grants must be used in conjunction with a new Section 108-guaranteed loan commitment. HUD encourages brownfields economic development projects that propose the redevelopment of a brownfield site through new investments by identified private sector parties in addition to BEDI/Section 108 financing and projects that will directly result in new business or job creation, increases in the local tax base or other near-term, measurable economic benefits. BEDI is designed to help local governments redevelop brownfields, defined in this NOFA as abandoned, idled, or underutilized real property, including industrial and commercial facilities, where expansion or redevelopment is complicated by the presence or potential presence of environmental contamination. A BEDI grant award will be conditioned upon, and must be used in conjunction with, a new (i.e., not previously approved) Section 108-guaranteed loan commitment. Both Section 108 loan guarantee proceeds and BEDI grant funds are initially made available by HUD to units of general local government eligible for assistance under HUDs Community Development Block Grant (CDBG) program (specifically, the Entitlement and State programs, certain jurisdictions in the state of Hawaii under the Small Cities program, and the insular areas of Guam, American Samoa, the Northern Mariana Islands, and the Virgin Islands).
Federal Grant Title: Brownfield Economic Development Initiative (BEDI)
Federal Agency Name: Department of Housing and Urban Development
Grant Categories: Community Development Employment Labor and Training Housing
Type of Opportunity: Discretionary
Funding Opportunity Number: FR-5415-N-40
Type of Funding: Grant
CFDA Numbers: 14.246
CFDA Descriptions: Community Development Block Grants/Brownfields Economic Development Initiative
Current Application Deadline: Jul 14, 2011
Original Application Deadline: Jul 14, 2011
Posted Date: Jun 13, 2011
Creation Date: Jun 13, 2011
Archive Date: Jul 21, 2011
Total Program Funding: $17,325,000
Maximum Federal Grant Award: $3,000,000
Minimum Federal Grant Award:
Expected Number of Awards: 10
Cost Sharing or Matching: No
Applicants Eligible for this Grant
Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Information on Eligibility
Any public entity eligible to apply for Section 108 loan guarantee assistance in accordance with 24 CFR 570.702, including Guam, the Northern Marianas, American Samoa, and the Virgin Islands, may apply for BEDI grant assistance under Section 108(q). Eligible applicants are CDBG entitlement units of general local government and non-entitlement units of general local government eligible to receive loan guarantees under 24 CFR part 570, subpart M. Urban Counties, as defined at 24 CFR 570.3 and 570.307, are eligible applicants for BEDI funds; units of general local government that participate in an Urban County program are not independently eligible applicants.
Link to Full Grant Announcement
Information not provided
Grant Announcement Contact
David Kaminsky at (202) 402-4612 or Nikki Bowser at (202) 402-4395

Program Contact [[email protected]]
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