A Rural Community Development Initiative of grants up to $500,000 is established
What the document says“The Secretary shall establish a Rural Community Development Initiative, under which the Secretary shall provide grants, subject to the availability of appropriations, to eligible intermediaries to carry out programs to provide financial and technical assistance to eligible entities”
The section adds a new section 381O to subtitle E of the Consolidated Farm and Rural Development Act requiring the Secretary of Agriculture to establish a Rural Community Development Initiative giving grants, subject to appropriations, to qualified nonprofit or public intermediaries. They in turn help nonprofit community housing or development organizations, rural communities, and federally recognized Indian tribes build the capacity to improve housing, community facilities, and community and economic development in rural areas. A grant may be no more than $500,000, and the recipient must match it from other sources unless the Secretary waives that for a project in a persistently poor rural region.
What the document actually says“The Secretary shall establish a Rural Community Development Initiative, under which the Secretary shall provide grants, subject to the availability of appropriations, to eligible intermediaries to carry out programs to provide financial and technical assistance to eligible entities”
The farm agency must set up a rural development program. It gives grants to go-between groups. Those groups then help local bodies with money and advice.
A grant here is capped at five hundred thousand dollars. The group must usually match it. That match can be waived in a very poor region.
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