Opportunity Information: Apply for FR 5800 N 18
Apply for FR 5800 N 18
- The Department of Housing and Urban Development in the housing sector is offering a public funding opportunity titled "Delta Community Capital Initiative (DCCI)" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 14.271 Delta Community Capital Initiative.
- This funding opportunity was created on Sep 4, 2014 and posted on Sep 4, 2014.
- Applicants must submit their applications by Nov 3, 2014 Electronically submitted applications must be submitted no later than 115959 p.m., ET, on the listed application due date.. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The funding agency has allocated a total of $1,000,000.00 to eligible and selected applicants.
- Each selected applicant is eligible to receive up to $1,000,000.00 in funding.
- The number of recipients for this funding is limited to 5 candidate(s).
- Eligible applicants include: Native American tribal governments (Federally recognized) Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education.
- 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.
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Opportunity Summary:
The Delta Community Capital Initiative (DCCI) is a discretionary grant program from the U.S. Department of Housing and Urban Development (HUD) designed to expand access to business capital and economic development financing in the Lower Mississippi Delta, a region described in the notice as chronically underserved and undercapitalized. The program is built around a straightforward idea: strengthen the local organizations that already do (or are building toward doing) community development lending and investing, so they can make more loans and investments in small businesses and local economic activity and also attract additional public and private capital to sustain and scale that work over time. Alongside direct funding, DCCI emphasizes technical assistance to help these institutions improve how they raise capital, structure and deliver financing, and provide more effective economic development services for Delta residents and communities.
In practical terms, DCCI targets community development lenders and investors operating in rural Delta communities, including local rural nonprofit organizations and Federally Recognized Indian tribes. The intent is not simply to fund one-off projects, but to build durable lending and investment capacity inside the region. By shoring up these local intermediaries, the program aims to widen the channels through which larger private financial institutions and federal partners can more effectively reach small business owners and entrepreneurs who often have difficulty accessing mainstream credit and investment. The expected outcome is a stronger local finance ecosystem that can originate more business loans, make more strategic investments, and connect local enterprises to broader pools of capital.
Eligibility is limited to two main applicant types: (1) nonprofits with IRS 501(c)(3) status (excluding institutions of higher education) and (2) Native American tribal governments that are Federally recognized. The announcement clarifies that applicants do not have to be certified Community Development Financial Institutions (CDFIs) at the time they apply, which lowers the barrier for capable local organizations that are functioning as community development lenders or investors but have not yet completed certification. However, if an applicant proposes to become a certified CDFI, the application should lay out specific milestones and timelines for progressing through the CDFI certification process. The notice also makes clear that individuals, foreign entities, and sole proprietorships are not eligible. Applicants may serve markets beyond Delta residents and communities using other funding sources, but DCCI is focused on benefits delivered to the Lower Mississippi Delta region.
From a funding standpoint, HUD anticipated making about five awards with an estimated total program funding level of $1,000,000. Individual awards were expected to range from a floor of $100,000 to a ceiling of $1,000,000, and there is no cost-sharing or matching requirement, meaning applicants were not required to bring matching funds to be competitive or eligible. The opportunity is listed under CFDA 14.271 (Delta Community Capital Initiative) and categorized under the Housing activity category, reflecting HUDs agency mission even though the program activities are centered on community finance, small business lending, and economic development capacity.
Key administrative details in the source indicate the opportunity was posted on September 4, 2014, with an application deadline of November 3, 2014. Electronically submitted applications were due by 11:59:59 p.m. Eastern Time on the deadline date. The record shows the opportunity was archived on February 13, 2015, which signals that this particular posting is historical rather than currently open. For applicants or researchers seeking the original materials and full announcement language, HUD provided an additional information link through its grants portal and listed a point of contact: Jackie L. Williams (Jackie.Williams@hud.gov) within HUDs grants policy area for assistance accessing the full announcement.
Delta Community Capital Initiative (DCCI) Grant - FAQs
What is the Delta Community Capital Initiative (DCCI)?
The Delta Community Capital Initiative (DCCI) is a discretionary grant program from the U.S. Department of Housing and Urban Development (HUD) intended to expand access to business capital and economic development financing in the Lower Mississippi Delta, which the notice describes as chronically underserved and undercapitalized.
What is the main purpose of DCCI?
DCCI is designed to strengthen local organizations that already provide (or are building toward providing) community development lending and investing, so they can make more loans and investments, improve local economic development services, and attract additional public and private capital over time.
What types of activities does DCCI emphasize?
The program emphasizes building durable lending and investment capacity in the region. It also highlights technical assistance to help recipient institutions improve how they raise capital, structure and deliver financing, and provide effective economic development services for Delta residents and communities.
Who is DCCI meant to help indirectly?
By strengthening local community development lenders and investors, DCCI aims to widen the channels through which larger private financial institutions and federal partners can reach small business owners and entrepreneurs who often have difficulty accessing mainstream credit and investment.
What region does DCCI focus on?
DCCI focuses on benefits delivered to the Lower Mississippi Delta region. The notice frames the region as underserved and undercapitalized, and the expected outcomes are tied to improving the local finance ecosystem in rural Delta communities.
What kinds of organizations does DCCI target?
DCCI targets community development lenders and investors operating in rural Delta communities, including local rural nonprofit organizations and Federally Recognized Indian tribes.
Who is eligible to apply for DCCI?
Eligibility is limited to two main applicant types: (1) nonprofits with IRS 501(c)(3) status (excluding institutions of higher education) and (2) Native American tribal governments that are Federally recognized.
Are institutions of higher education eligible if they are nonprofits?
No. The announcement specifies that nonprofits with IRS 501(c)(3) status are eligible, but it excludes institutions of higher education.
Do applicants have to be certified CDFIs to apply?
No. The announcement clarifies that applicants do not have to be certified Community Development Financial Institutions (CDFIs) at the time they apply.
What if an applicant plans to become a certified CDFI?
If an applicant proposes to become a certified CDFI, the application should include specific milestones and timelines for progressing through the CDFI certification process.
Are individuals allowed to apply?
No. The notice states that individuals are not eligible.
Are foreign entities eligible to apply?
No. The notice states that foreign entities are not eligible.
Are sole proprietorships eligible to apply?
No. The notice states that sole proprietorships are not eligible.
Can an eligible applicant serve markets outside the Delta?
Yes, the announcement notes that applicants may serve markets beyond Delta residents and communities using other funding sources. However, DCCI is focused on benefits delivered to the Lower Mississippi Delta region.
How many awards did HUD anticipate making under this posting?
HUD anticipated making about five awards under this opportunity.
What was the total anticipated funding level for the program?
The estimated total program funding level listed was $1,000,000.
What was the expected award size?
Individual awards were expected to range from a minimum (floor) of $100,000 to a maximum (ceiling) of $1,000,000.
Was there a cost-sharing or matching requirement?
No. The opportunity states there was no cost-sharing or matching requirement, meaning applicants were not required to bring matching funds to be eligible or competitive.
What is the CFDA number for DCCI?
The opportunity is listed under CFDA 14.271 (Delta Community Capital Initiative).
How is this opportunity categorized by activity?
It is categorized under the Housing activity category, reflecting HUD's agency mission, even though the program activities center on community finance, small business lending, and economic development capacity.
When was this funding opportunity posted?
The opportunity was posted on September 4, 2014.
What was the application deadline?
The application deadline was November 3, 2014.
What time were electronically submitted applications due?
Electronically submitted applications were due by 11:59:59 p.m. Eastern Time on the deadline date.
Is this opportunity currently open?
No. The record shows the opportunity was archived on February 13, 2015, indicating this specific posting is historical rather than currently open.
Where could applicants find the original materials and full announcement language?
HUD provided an additional information link through its grants portal for access to the original materials and the full announcement language.
Who was the point of contact listed for this opportunity?
The listing included a point of contact: Jackie L. Williams (Jackie.Williams@hud.gov) within HUD's grants policy area for assistance accessing the full announcement.
Browse more opportunities from the same category: Housing
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Previous opportunity: Notice of Intent to Award Support Park Programs
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Applicants also applied for:
Applicants who have applied for this opportunity (FR 5800 N 18) also looked into and applied for these:
| Funding Opportunity |
|---|
| Appalachia Economic Development Initiative (AEDI) Apply for FR 5800 N 19 Funding Number: FR 5800 N 19 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $1,000,000 |
| Continuum of Care (CoC) Apply for FR 5800 N 30 Funding Number: FR 5800 N 30 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: Case Dependent |
| National Disaster Resilience Competition Apply for FR 5800 N 29 Funding Number: FR 5800 N 29 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $500,000,000 |
| Jobs Plus Pilot Program Apply for FR 5800 N 24 Funding Number: FR 5800 N 24 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $3,000,000 |
| General Section to HUDs Fiscal Year 2015 Notices of Funding Availability (NOFAs) for Discretionary Programs Apply for FR 5900 N 01 Funding Number: FR 5900 N 01 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: Case Dependent |
| Choice Neighborhoods Implementation Grant Program Apply for FR 5800 N 11 Funding Number: FR 5800 N 11 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $30,000,000 |
| VA GPD TIP Renewal NOFA Apply for VA GPD FY15 TIP NOFA Funding Number: VA GPD FY15 TIP NOFA Agency: Homeless Providers Grant and Per Diem Program Category: Housing Funding Amount: $1,200,000 |
| VA Supportive Services for Veteran Families Program Apply for VA SSVF 2015R Funding Number: VA SSVF 2015R Agency: VA Office of Mental Health Category: Housing Funding Amount: $2,000,000 |
| Research and Evaluation, Demonstrations, and Data Analysis and Utilization Apply for FR 5800 N 26 Funding Number: FR 5800 N 26 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $2,175,000 |
| Notice of Funding Availability (NOFA) for the Departments Fiscal Year 2015 Supplemental Comprehensive Housing Counseling Grant Program Apply for FR 5800 N 33 Funding Number: FR 5800 N 33 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: Case Dependent |
| Community Development Block Grant (ICDBG) Program for Indian Tribes and Alaska Native Villages Mold Remediation and Prevention Apply for FR 5900 N 02 Funding Number: FR 5900 N 02 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $800,000 |
| Continuum of Care Registration Apply for FR 5900 N 18A Funding Number: FR 5900 N 18A Agency: Department of Housing and Urban Development Category: Housing Funding Amount: Case Dependent |
| Lead Hazard Reduction Demonstration (LHRD) Grant Program Apply for FR 5900 N 13 Funding Number: FR 5900 N 13 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $3,500,000 |
| Lead Based Paint Hazard Control (LBPHC) Grant Program Apply for FR 5900 N 12 Funding Number: FR 5900 N 12 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $3,000,000 |
| Healthy Homes Technical Studies Grant Program Pre Application Apply for FR 5900 N 15 Funding Number: FR 5900 N 15 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $700,000 |
| National Resilient Disaster Recovery Phase TWO Apply for FR 5800 N 29A2 Funding Number: FR 5800 N 29A2 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $500,000,000 |
| Family Self Sufficiency Program Apply for FR 5900 N 04 Funding Number: FR 5900 N 04 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $69,000 |
| HOPE VI Main Street Grant Program Apply for FR 5900 N 03 Funding Number: FR 5900 N 03 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $500,000 |
| Resident Opportunity and Self Sufficiency (ROSS) Service Coordinators Program Apply for FR 5900 N 05 Funding Number: FR 5900 N 05 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $738,000 |
| Rural Capacity Building for Community Development and Affordable Housing Grants Apply for FR 5900 N 08 Funding Number: FR 5900 N 08 Agency: Department of Housing and Urban Development Category: Housing Funding Amount: $2,500,000 |
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