U.S. Department of Housing and Urban Development HUD Exchange Mailing List

Second Round Promise Zones Competition Applicants

Thank you for your interest in this year's Promise Zones competition. The U.S. Department of Housing and Urban Development (HUD) intends to designate six urban communities including one small/medium Metro CBSA. USDA intends to designate at least one rural and at least one tribal community.

For the Second Round Promise Zones competition, there were 123 applications submitted: 97 urban applicants, 19 rural applicants, and 7 tribal applicants. Designations are expected to be announced in Spring 2015.

View the list of applicants.

Applications for Promise Zone designations will be reviewed by representatives from HUD, USDA, the Department of Commerce, the Department of Education, the Department of Justice, the Department of Health and Human Services, the Department of Justice, the Department of Labor, the National Endowment for the Arts, Small Business Administration, the Department of Transportation, the Department of Treasury and the Corporation for National and Community Service.

Promise Zones will not receive grant funding, but will benefit from technical assistance, coordinated federal staff support, and preferential access to certain existing federal funding streams. Promise Zone designations will have a term of ten years and may be extended as necessary to capture the full term of availability of the Promise Zone tax incentives if enacted by Congress. All federal resources are subject to statutory requirements and appropriations and therefore will change throughout the Promise Zone designation period.

To view the list of federal programs affiliated with the Promise Zone initiative, please go to the Funding and Technical Assistance Opportunities Web Page.

Visit the HUD Exchange at https://www.hudexchange.info
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