Rural Innovation Fund Program

Rural Innovation Fund Program

According to the advanced Notification of Funds Available (NOFA) there is approximately $25,750,000 in Rural Innovation grant funds from HUD. The Rural Innovation Fund is a new program and provides support to tackle problems of concentrated rural housing distress and community poverty projects that have the best possibility of making a significant improvement in the quality of life within the project area.

There are two funding categories:

Category 1: Single Purpose Grants or Comprehensive Grants address the need for highly targeted projects that address the problem of concentrated rural housing distress and community poverty in rural areas. Eligible applicants are local rural nonprofit organizations, community development corporations, federally recognized Indian tribes, state housing finance agencies, and state community and/or economic development agencies.

Category 2: Economic Development and Entrepreneurship for Federally Recognized Indian Tribes. Eligible applicants are limited to federally-recognized Indian tribes.

Please click here to learn more about this new funding opportunity.