Grant Opportunities with Promise Zone Benefits
CDFI: New Market Tax Credits
Department of Education: Preschool Development Grants: Expansion Grants
Technical Assistance
Choice Neighborhood Webinar: Trauma Informed Community Building in San Francisco’s South Potrero Choice Neighborhood U.S. Social and Behavioral Sciences Team Promise Zones Technical Assistance Webinar
Grant Opportunities
CDFI: New Market Tax Credits
· Submission of CDE Certification Application: August 22, 2014
· Online Submission of Allocation Application: October 1, 2014
· Submission of Subsidiary CDE Certification Application: October 1, 2014
· Online Submission of Application Attachments: October 3, 2014
· Prior Allocatees' Issuance of Qualified Equity Investments: January 30, 2015
· 2014 NMTC Program Awards Announced: Spring 2015
Description:
The New Markets Tax Credit Program (NMTC Program) was established by Congress in 2000 to spur new or increased investments into operating businesses and real estate projects located in low-income communities. The NMTC Program attracts investment capital to low-income communities by permitting individual and corporate investors to receive a tax credit against their Federal income tax return in exchange for making equity investments in specialized financial institutions called Community Development Entities (CDEs). The credit totals 39 percent of the original investment amount and is claimed over a period of seven years (five percent for each of the first three years, and six percent for each of the remaining four years). The investment in the CDE cannot be redeemed before the end of the seven-year period.
Link to Promise Zones:
Community Outcomes begin on p. 23 of the application (p. 37 of the pdf). Promise Zones are included in item 12 on the distress factors list. An applicant will receive favorable competitive consideration if it commits to provide at least 75 percent of its Qualified Low Income Community Investments (QLICIs) – in terms of aggregate dollar amounts – in areas that meet certain distress criteria. One way for a location to meet this standard is to be both within a federally designated Promise Zone and also meet one of several other criteria.
Additional Info (website):
http://www.cdfifund.gov/docs/nmtc/2014/Application%20Materials/2014%20Final%20NMTC%20Application.pdf
Grant Opportunities
Department of Education: Preschool Development Grants: Expansion Grants
Due Date: October 14, 2014
Deadline for Notice of Intent to Apply: September 11, 2014 (optional) Estimated Total Program Funding: not listed Estimated number of awards: 7 Award Ceiling: not listed Award Floor: not listed
Description:
The purpose of the Preschool Development Grants program, which is jointly administered by the Departments of Education and Health and Human Services (Departments), is to support State and local efforts to build, develop, and expand High-Quality Preschool Programs so that more children from low- and moderate-income families enter kindergarten ready to succeed in school and in life. All States, the District of Columbia, and Puerto Rico are eligible to apply for either a Preschool Development Grants--Development Grant or a Preschool Development Grants--Expansion Grant. Preschool Development Grants--Expansion Grants will support States that have robust State Preschool Programs or that have been awarded a Race to the Top--Early Learning Challenge grant. These grants will be awarded to States to implement and sustain High-Quality Preschool Programs that reach and serve additional Eligible Children in two or more High-Need Communities. States will also be able to use a portion of their funds to make preschool program infrastructure and quality improvements needed to deliver High-Quality Preschool Programs.
Link to Promise Zones:
Applicants with federally designated Promise Zones must propose to serve and coordinate with a High-Need Community in that Promise Zone in order to be eligible for up to the full 8 points. If they do not, they are eligible for up to 6 points. Applicants that do not have federally designated Promise Zones in their State are eligible for up to the full 8 points.
Additional information (website):
http://www.gpo.gov/fdsys/pkg/FR-2014-08-18/pdf/2014-19427.pdf
TECHNICAL ASSISTANCE
Choice Neighborhood- September 3rd from 1:30 – 3:00 PM EST!
Trauma Informed Community Building in San Francisco’s South Potrero Choice Neighborhood<https://www2.gotomeeting.com/register/157902042>
Click here<https://www2.gotomeeting.com/register/157902042> to register!
Through a partnership with the residents of one of San Francisco’s largest and most distressed public housing sites and the Health Equity Institute at San Francisco State University, BRIDGE Housing Corporation, a Choice Neighborhoods planning grantee, has developed a Trauma Informed Community Building (TICB) model for community building that acknowledges the ongoing stress and trauma that are pervasive in communities facing poverty, ongoing violence, isolation, and limited resources.
This webinar will draw on their experiences to provide other practitioners valuable information about how to bring a trauma informed lens to community building activities in distressed neighborhoods. Emily Weinstein, Director of Housing and Community Development with BRIDGE Housing Corporation, and Uzuri Pease-Greene, Community Builder with BRIDGE Housing Corporation, will share the TICB model and explain how it address the challenges that trauma presents to traditional community building. They will also provide on-the-ground examples of how their model has been put to use to de-escalate chaos and stress, build social networks, and foster the community’s ability to be resilient.
U.S. Social and Behavioral Sciences Team Promise Zones Technical Assistance Webinar
September 10, 2014 (2-3:30 p.m.)-Webinar link to be sent in meeting invitation
Experts from the SBST will be presenting on how they assist communities by identifying possible lost-cost, quick-turnaround interventions based in behavioral economics and what technical assistance opportunities may be available for designees. The discussion will focus on how designees are currently or will be using metrics and evaluation to define success and make progress on their strategies.
