BEDI provides grants to local governments to improve the security of loans guaranteed under Section 108 of the Housing and Community Development Act of 1974 or the viability of the projects financed with those loans. BEDI funds support the redevelopment of brownfields sites, which have actual or potential environmental contamination, in an effort to return them to productive economic use.
Eligible applicants for BEDI grants are Community Development Block Grant entitlement and nonentitlement communities. Projects that receive BEDI funding are required to increase economic opportunities for low- and moderate-income individuals or stimulate and retain businesses and jobs that lead to economic revitalization.
The recently announced awards were made through two competitions for fiscal year 2009 funds and one competition for FY 2010 funds. Projects in 11 states received 18 awards through the competitions:
- California: Santa Rosa, $1.5 million
- Florida: Palm Beach County, $1.06 million
- Massachusetts: Taunton, $1 million
- Michigan: Wayne County, $2 million; Port Huron, $1 million
- New Mexico: Las Cruces, $2 million
- Ohio: Cleveland, $2 million, $3 million; Toledo, $2 million
- Pennsylvania: Philadelphia, $2 million, $2 million, $3 million, $1.25 million; Reading, $750,000
- Tennessee: Memphis, $2 million
- Vermont: Burlington, $1.04 million
- Washington: Bremerton, $1.75 million
- West Virginia: Ranson, $1.5 million
Need More Information?
An overview of the BEDI program is available at http://portal.hud.gov/hudportal/HUD?src=/program_offices/comm_planning/BEDI.The award notices for the first FY 2009 competition is available at http://www.gpo.gov/fdsys/pkg/FR-2012-02-01/pdf/2012-2235.pdf.
The award notice for the second FY 2009 competition is available at http://www.gpo.gov/fdsys/pkg/FR-2012-02-01/pdf/2012-2250.pdf.
The award notice for the FY 2010 competition is available at http://www.gpo.gov/fdsys/pkg/FR-2012-02-01/pdf/2012-2234.pdf.