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Project Reinvest: Neighborhoods

Funding Opportunity

Project Reinvest: Neighborhoods will provide grant funding to eligible 501(c)(3) nonprofit organizations to help stabilize and revitalize distressed communities suffering from the direct and/or indirect effects of the foreclosure crisis. Proposed projects should support and further existing multi-faceted, place-based initiatives working to transform communities.
 
A total of $26.5 million in non-federal funds is available through this grant program. Approximately 53 awards will be made through a national competitive process.

In order to meet a diverse set of populations and to aim toward proportional distribution of funds across eligible communities, Project Reinvest: Neighborhoods anticipates making awards on a basis proportional to the number of eligible census tracts and/or applications per community type as follows:
 
Area Serving
Number of Eligible Census Tracts
Rural 20 percent
Suburban 40 percent
Urban 40 percent
Total 100 percent
 
The anticipated performance period, May 2017- October 2018 (or as stipulated in the grant agreement), includes project implementation, progress monitoring, grant reporting and evaluation. All grant funded activities must be completed within the 18-month performance period as outlined in the grant agreement.

Timeline

Action
Anticipated Date
Funding announcement released Nov. 14, 2016
Application launch Nov. 28, 2016
Webinar on funding opportunity and application Dec. 1, 2016
Application closes Jan. 17, 8 p.m. ET
Application review period January-April 2017
Award determination May 2017


The public comment period for Project Reinvest: Neighborhoods opened on July 21 and closed Aug. 25. View the results of the Project Reinvest: Neighborhoods public comment period.

Relevant Documents

The following documents are available to help potential applicants better understand this funding opportunity.
  For questions or more information, email us.
 

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