Program Description

The Economic Development Fund (EDF) finances projects and programs that create and/or retain jobs, improve the local and/or regional tax base, or otherwise enhance the quality of life in the community. EDF gives priority assistance for physical improvements in support of job creating/retention. Historically, EDF has funded a range of economic and community development projects. Currently, program funding is more limited and the following categories of assistance will be considered.
 

Community Grants

Physical Improvements Supporting Downtown and Commercial Center Economic Development

Assistance to Non-Profit Development Organizations pdf format of assistancttononprofit-dev.pdf

Planning Projects Supporting Economic Development pdf format of planningprojects.pdf
 

Section 108 Loan Guarantees pdf format of s108.pdf

 

Eligible Applicants

Of the 351 municipalities incorporated in Massachusetts, any of the 314 cities or towns not designated as "entitlement communities" by the US Dept. of Housing and Urban Development (HUD) may apply for and receive Massachusetts Economic Development Fund grants. Currently, 37 cities and towns are designated as entitlement communities and are not eligible for the EDF program.

 

Selection Criteria

Applications will be reviewed for completeness, documentation of application/project thresholds, and responses to project-specific questions and comments (project conditions) included in DHCD's letter of invitation.

To be considered for funding, a proposed activity must meet all thresholds, and must address all project conditions to the satisfaction of DHCD.

In the event there are insufficient funds for all eligible applications, DHCD reserves the right to consider Economic Development Fund applications out of order of receipt based upon a review of the number of jobs to be created or retained, the impact of a project on the local tax base, such as increase in tax revenues, sudden job loss, levels of matching or leveraged funds, or other compelling circumstances.
 

Application/Project Thresholds

1) Economic Development Fund program threshold:

  • Economic development activity

2) Massachusetts CDBG program thresholds:

  • Eligibility
  • National Objective
  • Timely Commitment and Expenditure
  • Displacement of Non-CDBG Funds
  • Sustainable Development Principles
  • Public Benefit Standards
  • Community-Based Planning Requirement

How to Apply

EDF applicants will be evaluated according to a two-stage process. Online application through Mass CDBG/EDF web-based application. Applications will be accepted on an ongoing basis throughout the year, based on funding availability. Contact program staff for assistance at 617-573-1400.

Program Forms

Appendix 2 Chapter 5 Monitoring Forms doc format of fms.doc
Budget and Program Revision Forms doc format of bprforms.doc


Additional Program Information

EDF Application Guidance Information pdf format of edfappguidance.pdf

            Appendix A: Eligible CDBG Activities doc format of eligiblycdbgactivities.doc

            Appendix B: HUD Low and Moderate Income Data by City and Town

            Appendix C: HUD Survey Methodology

            Appendix D: Elderly Household Statistics by Community

            Appendix E: Low and Moderate Income Limits

           Appendix F: Management Organization/ Position Classification & Wage Schedule Guide

           Appendix G: Primary Federal Regulations

           Appendix H: Massachusetts Entitlement Communities (FY 2013)

           Appendix I:  Public Facilities Projects – Phases of Design

           Appendix J:  Baseline Information Form - Slums & Blight

           Appendix K: Property and Infrastructure Rating Sheet – Slums & Blight

           Appendix L: Green/Sustainable Space Building and Energy Star Guidance

           Appendix M: EDF Glossary of Terms pdf format of app-m.pdf

           Appendix N:  EDF Job Monitoring Packet pdf format of app-n.pdf file size 2MB

 

Eligible CDBG Activities doc format of eligiblycdbgactivities.doc
HUD CDBG National Objectives
HUD Income Limits
CDBG Affordable Rent Schedule
Sample 2012 Income and Rent Limits Around the State pdf format of sample-income-rent.pdf

CDBG Grant Management System

Helpful Resources

MassDevelopment
US Small Business Association
State CDBG Guidebook
MA Small Business Development Center Network
USDA Rural Development

Contact

For additional information, please call the Division of Community Services at 617-573-1400