The National Capital Strategic Economic Development Fund (“NED”) is a program for the greater National Capital region of Maryland that provides competitive funding for strategic investment in local housing and businesses to encourage healthy, sustainable communities with a growing tax base and enhanced quality of life.
Donor Name: Maryland Department of Housing and Community Development
State: Maryland
Counties: Prince George’s County (MD), Montgomery County (MD)
Type of Grant: Grant
Deadline (mm/dd/yyyy): 07/13/2022
Details:
The program focuses on areas within Prince George’s and Montgomery counties where modest investment and coordinated strategies will have an appreciable neighborhood revitalization impact.
Funds from the NED program should support the goals and objectives outlined in a targeted area’s Sustainable Communities Action Plan; however, should also support the following activities:
- Down payment assistance for homebuyers to purchase and rehabilitate homes
- Programs to acquire or rehabilitate vacant or blighted properties
- Programs to improve existing residential and business properties
- Programs to achieve energy efficiency through weatherization and energy retrofits
- Development of affordable housing
- Development of mixed–use projects that combine housing, retail, and office space
- Development or enhancement of community open space or public infrastructure
- Related workforce and employment development programs
- Related career and technical education and apprenticeship programs
- Strategic demolition
- Program funds may be used for operating costs necessary to implement a community enhancement project
Funding Information
Fiscal Year 2023 Funding: $7 Million Capital
Eligibility Criteria
Eligible applicants include local governments and community development organizations.
For more information, visit Maryland Department of Housing and Community Development.