Delta Community Capital Initiative (DCCI)

The Delta Community Capital Initiative (DCCI) is a collaborative effort among three federal agencies - the Department of Housing and Urban Development (HUD), the Department of the Treasury - Community Development Financial Institutions Fund (CDFI Fund), and the Department of Agriculture - Rural Development (USDA-RD).The DCCI's goal is to increase access to capital for affordable housing, business lending and community facilities in the chronically underserved and undercapitalized Lower Mississippi Delta Region. Specifically, it will provide direct investment and technical assistance to community development lending and investing institutions that focus on affordable housing, small business and community facilities to benefit the residents of Lower Mississippi Delta Region.

Goals: Funds may be used to support eligible activities that serve the following goals: •Expanding services in eligible Lower Mississippi Delta Region target markets (as defined below) by established lenders and investors in affordable housing, small business, and community facilities •Securing new public or private capital sources for lending or investing in affordable housing, small business and community facilities in existing or new eligible target markets Eligible Target Markets: Eligible target markets for use of DCCI funds include geographic areas and/or populations, as described below. Geographic areas include the 252 counties and parishes in eight states that make up the Lower Mississippi Delta Region, as defined by the Delta Regional Authority. The Delta Regional Authority (DRA) is a federal-state partnership working to stimulate economic development and governed by the Delta Regional Authority Board, comprised of the Federal Co-Chairman, appointed by the President and confirmed by the U.S. Senate, and the governors of the eight states. The eight states that are included in the region are: Alabama, Arkansas, Illinois, Kentucky, Louisiana, Mississippi, Missouri, and Tennessee. A full list of all 252 eligible counties and parishes can be found on the DRA website.

Organizations and businesses that provide direct investment and technical assistance to community development lending and investing institutions that focus on affordable housing, small business and community facilities to benefit the residents of Lower Mississippi Delta Region.

small business owners, low income persons seeking jobs, job training.

Applicants that are eligible to participate in this initiative are community development lenders and investors, which may be local rural non-profit organizations. Applicants do not need to be certified as Community Development Financial Institutions by the CDFI Fund at the time of application. If applicants propose to become certified as a CDFI, they should lay out milestones and timeframes toward the CDFI certification process in their application. Applicants may serve other markets than Delta residents and communities, using other sources of financing.

To provide direct investment and technical assistance to community development lending and investing institutions that focus on affordable housing, small business and community facilities to benefit the residents of Lower Mississippi Delta Region.

All available funds have been awarded.

Finding of No Significant Impact (FONSI) must be completed before NOFA is published.

Applicants may apply for funding through HUD's grants.gov website. Application instructions and the Notice of Funding Availability can be accessed through grants.gov.

Award procedures are made available through the DCCI NOFA.

For a period of at least 120 days, beginning 30 days after the public announcement of awards under this NOFA, HUD will provide a debriefing related to their application to requesting applicants.

Renewals or extensions are not included in the NOFA.

Applicant will be provided a debriefing. If it is determined a remedy is necessary, appropriateaction will be explored.