80 FR 60698 - Announcement of Funding Awards for the Delta Community Capital Initiative Fiscal Year 2014

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 80, Issue 194 (October 7, 2015)

In accordance with section 102(a)(4)(C) of the Department of Housing and Urban Development Reform Act of 1989, this announcement notifies the public of funding decisions made by the Department in a competition for funding under the Notice of Funding Availability (NOFA) for the Delta Community Capital Initiative. This announcement contains the names of the awardees and the amounts of the awards made available by HUD.

[Federal Register Volume 80, Number 194 (Wednesday, October 7, 2015)]
[Notices]
[Page 60698]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-25536]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5800-FA-18]


Announcement of Funding Awards for the Delta Community Capital 
Initiative Fiscal Year 2014

AGENCY: Office of the Assistant Secretary for Community Planning and 
Development, HUD.

ACTION: Notice of funding awards.

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SUMMARY: In accordance with section 102(a)(4)(C) of the Department of 
Housing and Urban Development Reform Act of 1989, this announcement 
notifies the public of funding decisions made by the Department in a 
competition for funding under the Notice of Funding Availability (NOFA) 
for the Delta Community Capital Initiative. This announcement contains 
the names of the awardees and the amounts of the awards made available 
by HUD.

FOR FURTHER INFORMATION CONTACT: Jackie L. Williams, Ph.D., Director, 
Office of Rural Housing and Economic Development, Office of Community 
Planning and Development, 451 Seventh Street SW., Room 7240, 
Washington, DC 20410-7000; telephone (202) 708-2290 (this is not a toll 
free number). Hearing- and speech-impaired persons may access this 
number via TTY by calling the Federal Relay Service toll-free at 1-800-
877-8339.

SUPPLEMENTARY INFORMATION: Funds used for the Delta Community Capital 
Initiative were appropriated to the Office of Rural Housing and 
Economic Development in annual appropriations between 1999 and 2009 
(Pub. L. 105-276; 106-74; 106-377; 107-73; 108-7; 108-199; 108-447; 
109-115; 110-5; 110-161; and/or 111-8) and subsequently recaptured from 
or surrendered by underperforming or nonperforming grantees.
    The competition was announced in the Federal Register (FR Doc. No 
FR-5800-N-18) on Thursday, September 4, 2014. Applications were rated 
and selected for funding on the basis of selection criteria contained 
in that notice.
    The Catalog of Federal Domestic Assistance number for this Delta 
Community Capital Initiative program is 14.271. The Delta Community 
Capital Community Initiative is designed to increase access to capital 
for business lending and economic 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 
that focus on business lending and economic development to benefit the 
residents of the Lower Mississippi Region. Eligible applicants for the 
Delta Community Capital Initiative are Federally recognized Indian 
tribes and local rural nonprofit organizations having a 501(c)(3) 
status with the IRS. The funds made available under this program were 
awarded competitively through a selection process conducted by HUD.
    In accordance with section 102(a)(4)(C) of the Department of 
Housing and Urban Development Reform Act of 1989 (103 Stat. 1987. 42 
U.S.C. 3545), the Department is publishing the grantees and amounts of 
the awards in Appendix A to this document.

    Dated: October 1, 2015.
Harriet Tregoning,
Principal Deputy Assistant, Secretary for Community Planning and 
Development.

APPENDIX A

           FY 2014 Delta Community Capital Initiative Grantees
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                                                              Amount
               Grantee                       State            awarded
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Communities Unlimited, Inc...........  AR...............     $228,040.00
Southern Bancorp Capital Partners....  AR...............      250,000.00
LiftFund, Inc........................  TX...............    1,000,000.00
                                                         ---------------
  Total..............................  .................    1,478,040.00
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[FR Doc. 2015-25536 Filed 10-6-15; 8:45 am]
 BILLING CODE 4210-67-P