BEDI Grant Funding Available!

Hockwold Fens

© Copyright Bob Jones and licensed for reuse under this Creative Commons Licence

The U.S. Department of Housing and Urban Development (HUD) just announced a round of funding for its Brownfields Economic Development Initiative (BEDI) program.  These grant funds, however, must be used in conjunction with a new HUD Section 108 guaranteed loan commitment. 

BEDI grants are meant to encourage brownfields economic development projects that will result in new business or job creation, increase the local tax base or create other economic benefits.  For more information on brownfields and the grant requirements for the BEDI program, see HUD's Notice of Funding Availability

If you think your brownfields redevelopment project might be eligible, hurry, because the deadline for submission of a BEDI grant application is July 14, 2011.

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