Border Community Capital Initiative

The Initiative?s goal is to increase access to capital for affordable housing, business lending and community facilities in the chronically underserved and undercapitalized U.S./Mexico border region.

Specifically, it will provide direct investment and technical assistance to community development
lending and investing institutions that focus on affordable housing, small business and community facilities to benefit the residents of colonias.

Funds may be used to support eligible activities that serve the following objectives:

? Expanding services in eligible colonias target markets by established lenders and investors in affordable housing, small business, and community facilities, and/or

? Securing new public or private capital sources for lending or investing in affordable housing, small business and community facilities in existing or new eligible target markets.

Agency - Department of Housing and Urban Development

The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.




Selected Recipients for this Program


RecipientAmount Start DateEnd Date
Tierra Del Sol Housing Corporation $ 200,000   2014-06-03
International Sonoran Desert Alliance $ 200,000   2014-06-03
Liftfund, Inc. $ 800,000   2014-06-12
Communities Unlimited, Inc. $ 199,999   2014-06-03
Affordable Homes Of South Texas, Inc $ 600,000   2014-06-12
$ 0   
$ 0   
$ 0   
$ 0   
$ 0   



Program Accomplishments

Fiscal Year 2016: During the project year $56,848 was spent on program activities. Fiscal Year 2017: No Current Data Available Fiscal Year 2018: No Current Data Available

Uses and Use Restrictions

Eligible activities include innovative housing and economic development uses, including but not limited to loan or investment capital, loan loss reserves, program staff costs, information systems, market studies, portfolio analyses and business planning.

Eligible activities must support the program objectives described above.

Award must be used to support the eligible activities.

Eligibility Requirements

Applicant Eligibility

Applicants that are eligible to participate in this initiative are community development lenders and investors, which may be local rural non-profit organizations or federally recognized tribes.

Applicants do not need to be certified as Community Development Financial Institutions by the CDFI Fund at the time of application.

Applicants may serve other markets than colonias residents and communities, using other sources of financing.

Beneficiary Eligibility

Eligible target markets for use of Border Initiative funds include geographic areas defined as colonias by The Cranston-Gonzalez National Afford Housing Act of 1990 (Pub. L. 101-625, Nov. 28, 1990) (the Act) and the Appropriations Act of 1997 (Pub L. 104-204, Sept. 26, 1996, 110 Stat. 2887).

Credentials/Documentation

No Credentials or documentation are required. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is not applicable.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. This initiative was funded by recaptured Rural Housing and Economic Development funds for a one time only competition.

Award Procedures

HUD will review eligible submitted applications and determine application scores. Once rating scores are assigned, rated applications will be listed in ranked order. HUD will send written notifications to both successful and unsuccessful applicants, including the lead entity of the consortium. After award, grantees will submit their action plan and budget into HUD?s web based system prior to approval to draw down. Applicants will be given the opportunity to amend their budget according to the grant award, in the event HUD awards less than the requested amount prior to entering into the grant agreement. HUD will approve the action plan(s) or notify the grantee of matters that need to be addressed prior to approval.

Deadlines

Jun 27, 2013 to Aug 26, 2013

Authorization

Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999, Public Law 105-276.

Range of Approval/Disapproval Time

From 30 to 60 days.

Appeals

n/a.

Renewals

Not Applicable.

Assistance Considerations

Formula and Matching Requirements

This program has no statutory formula. This program has no matching requirements. There is no matching requirement. MOE requirements are not applicable to this program.

Length and Time Phasing of Assistance

Awards will be available for a period of 36 months from the date of execution of the grant agreement. Method of awarding/releasing assistance: by letter of credit.

Post Assistance Requirements

Reports

Grantees will be required to report to HUD, as specified in the grant agreement.

Performance reports shall include reports on both performance and financial progress under action plans and shall include reports on the commitment and expenditure of leveraging resources utilized through the end of the reporting period.

Reports shall conform to the reporting requirements of 24 CFR part 84 and 24 CFR part 85.

Please see the BCCI NOFA published on grants.gov for full reporting requirements.

The performance reports must contain the information required under 24 CFR part 84 and 24 CFR part 85, including a comparison of actual accomplishments with the objectives and performance goals of the action plans.

Please see the BCCI NOFA published in FY2013 for full reporting requirements.

Please see the BCCI NOFA published in FY2013 for full reporting requirements.

Audits

In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503.

Records

Applicants must maintain records to satisfy the reporting requirements listed above and in the BCCI NOFA.

Financial Information

Account Identification

86-0324-0-1-604.

Obigations

(Project Grants) FY 16 $0; FY 17 est $0; and FY 18 est $0 - This is a one time program using recaptured money from the RHED program.

Range and Average of Financial Assistance

Up to $2,000,000.

Regulations, Guidelines, and Literature

Not Applicable.

Information Contacts

Regional or Local Office

None.

Headquarters Office

Thann Young Office of Rural Housing and Economic Development U.S. Department of Housing and Urban Development 451 7th Street SW, Room 7137 , Washington DC, District of Columbia 20410 Email: thann.young@hud.gov Phone: 2024024464

Criteria for Selecting Proposals

Two types of reviews will be conducted. First, HUD will review each application to determine whether it meets threshold eligibility requirements described in Section III.B.4. Second, HUD will review and assign scores to applications meeting the threshold requirements using the Factors for Award noted under Criteria, Section V.A of the BCCI NOFA. Once rating scores are assigned, rated applications will be listed in ranked order. After HUD has rated and ranked the applications, applicants within the fundable range of 75 or more points will be funded in ranked order up to the amount requested, or in a lesser amount if sufficient funds are not available. HUD reserves the right to reduce the amount of the award requested. HUD has determined that geographic diversity of coverage within the U.S.-Mexico border region is an appropriate consideration in selecting grantees in this competition.



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