[Federal Register Volume 64, Number 158 (Tuesday, August 17, 1999)]
[Notices]
[Pages 44744-44745]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-21238]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4410-FA-06]


Announcement of Funding Awards for the Economic Development 
Initiative Program, Fiscal Year 1999

AGENCY: Office of the Assistant Secretary for Community Planning and 
Development, HUD.

ACTION: Notice of funding awards.

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SUMMARY: In accordance with section 102(a)(4)(C) of the Department of 
Housing and Urban Development Reform Act of 1989, this announcement 
notifies the public of funding decisions made by the Department in a 
competition for funding under the Super Notice of Funding Availability 
(SuperNOFA) for the Economic Development Initiative (EDI) Program. This 
announcement contains the names of the awardees and the amounts of the 
awards made available by HUD.

FOR FURTHER INFORMATION CONTACT: Donner Buchet, Director, Community and 
Economic Development Services, Office of Community Planning and 
Development, 451 7th Street, SW, Washington, DC 20410; telephone (202) 
708-2290 (this is not a toll-free number). Hearing- and speech-impaired 
persons may access this number via TTY by calling the Federal Relay 
Service toll-free at 1-800-877-8339. For general information on this 
and other HUD programs, call Community Connections at 1-800-998-9999.

SUPPLEMENTARY INFORMATION: The EDI program was enacted in 1994 and is 
intended to complement and enhance the Section 108 Loan Guarantee 
program. The purpose of EDI grant funds is to further minimize the 
potential loss of future CDBG allocations by: strengthening the 
economic feasibility of the projects financed with Section 108 funds; 
directly enhancing the security of the guaranteed loan; or through a 
combination of these or other risk mitigation techniques. EDI and 
Section 108 funds are intended to finance projects and activities that 
will provide near-term results and demonstrable economic benefits, such 
as job creation and increases in the local tax base.
    The competition was announced in the SuperNOFA published in the 
Federal Register on February 26, 1999 (64 FR 9791). Applications were 
rated and selected for funding on the basis of selection criteria 
contained in that Notice.
    A total of $34,623,263 was awarded to 28 projects nationwide. In 
accordance with section 102(a)(4)(C) of the Department of Housing and 
Urban Development Reform Act of 1989 (103 Stat. 1987. 42 U.S.C. 3545), 
the Department is publishing the grantees

[[Page 44745]]

and amounts of the awards in Appendix A to this document.

    Dated: August 11, 1999.
Joseph A. D'Agosta,
General Deputy Assistant Secretary for Community Planning and 
Development.

Appendix A

City of Huntington Park, CA
    $825,000
City of Long Beach, CA
    $1,000,000
County of Los Angeles, CA
    $2,000,000
City of Monterey Park, CA
    $540,000
City of Richmond, CA
    $1,000,000
City of San Diego, CA
    $1,485,000
City of Visalia, CA
    $375,000
City of Hartford, CT
    $2,000,000
City of New Haven, CT
    $2,000,000
City of Fort Myers, FL
    $500,000
County of Miami-Dade, FL
    $2,000,000
City of Tallahassee, FL
    $1,500,000
City of New Bedford, MA
    $250,000
County of Prince Georges, MD
    $1,000,000
City of Flint, MI
    $700,000
City of Minneapolis, MN
    $2,000,000
City of Gastonia, NC
    $1,000,000
City of Reno, NV
    $300,000
City of Buffalo, NY
    $2,000,000
City of Mount Vernon, NY
    $1,989,496
City of New York, NY
    $1,998,000
City of New York, NY
    $2,000,000
City of Yonkers, NY
    $1,000,000
City of Lancaster, OH
    $1,662,500
City of Columbia, SC
    $2,000,000
City of Spartanburg, SC
    $398,267
City of Sumter, SC
    $500,000
City of Charleston, WV
    $600,000

[FR Doc. 99-21238 Filed 8-16-99; 8:45 am]
BILLING CODE 4210-29-P