The Rural Innovation Fund Program, a successor to the defunct Rural Housing and Economic Development (RHED) program, sets aside $25.75 million from the Community Development Block Grant Program for grants to tribes, state housing finance agencies, state community and/or economic development agencies, local rural nonprofits, and community development corporations to address the problems of concentrated rural housing distress and community poverty.
Out of the total $25 million appropriated, $5 million is reserved "to promote economic development and entrepreneurship for federally recognized Indian tribes, through activities including the capitalization of revolving loan programs and business planning and development" and for "technical assistance to increase capacity through training and outreach activities."
For more information, visit the HUD Web site or contact Robert Duncan, Associate Deputy Assistant Secretary for Economic Development, Office of Community Planning and Development at 202-402-4681 or 1-877-787-2526.
Applications are due February 23, 2011. For details, visit Grants.gov.