centers; 6) construction of incubator facilities; 7) redevelopment of browns fields and 8) CEO-industrial development. CRITERIA FOR SELECTING PROPOSALS: Project proposals must be located within an economically distressed, EDA eligible area and be in conformance with a Comprehensive Economic Development Strategy (CEDS) for the eligible area. Projects must also contribute to long-term economic development of the area by creating or retaining permanent jobs and raising income levels. Conformance with the Federal Register announcement and other EDA and/or Federal program requirements such as NEPA, Civil Rights, and Historic Preservation is part of the selection criteria. 124 Very Low-Income Housing Repair Loans and Grants 125 Applicant Eligibility: Applicants must own and occupy a home in a rural area; and be a citizen of the United States or reside in the United States after having been legally admitted for permanent residence or on indefinite parole. Loan recipients must have sufficient income to repay the loan. Grant recipients must be 62 years of age or older and be unable to repay a loan for that part of the assistance received as a grant. Applicant's income may not exceed the very low-income limit set forth in RD Instructions. Very low-income limits range from $6,300 to $22,650 for a single person household, depending on an area's median income.
|
