DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

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This NOFA announces the availability up to $2.5 million of Fiscal Year 1995 funds for ten Historically Black Colleges and Universities (HBCUs) to form Community Development Corporations (CDCs) to undertake eligible activities. In accordance with a memorandum of understanding establishing a public-private partnership between the United States Department of Housing and Urban Development (HUD) and the Structured Employment Economic Development Corporation (Seedco) of New York, New York, Seedco will also provide technical assistance and up to $1 million in low-interest gap loan funding to be made available to the CDCs formed under this program. Community-based organizations provide the spark that make communities a viable place to live. HUD's Office of the Assistant Secretary for Community Planning and Development has worked to create partnerships across the nation with community-based organizations rebuilding their neighborhoods brick by brick. Efforts to support CDCs created by Historically Black Colleges and Universities are part of the community development partnership for neighborhood revitalization. In the body of this document is information concerning the following: a. The purp