The National Capital Strategic Economic Development Fund ("NED") is a program for the greater National Capital Region of Maryland that provides competitive funding for strategic investment in local housing and businesses to encourage healthy, sustainable communities with a growing tax base and enhanced quality of life. The program focuses on areas within Prince George's and Montgomery counties where modest investment and coordinated strategies will have an appreciable neighborhood revitalization impact.
The Seed Community Development Anchor Institution Program (SEED) provides matching financial assistance through grants and loans to anchor institutions (e.g., hospitals and institutions of higher education in the State of Maryland) to support local community development projects with a focus of eliminating blight in targeted areas to make way for new green space, new affordable housing, mixed-use development, and expanded opportunities for businesses.
Applications will be due on Thursday, March 4,2021, at 3:00 p.m. The application portal will be open Thursday, February 4.
National Capital Strategic Economic Development Fund projects must be located in an area designated as a Sustainable Community inside the I-495 beltway or a Sustainable Community in Opportunity Zones and Enterprise Zones in the balance of Montgomery and Prince George's Counties outside the I-495 beltway.
Seed Community Development Anchor Institution Program projects must be located in an area of blight and support the improvement of a neighborhood that surrounds an anchor institution. Projects DO NOT need to be located inside of a Sustainable Community, but if located inside a Sustainable Community, will be given priority consideration for funding.
Application training for the Seed Community Development Anchor Institution Fund will be hosted online at 12:30-2 p.m. on Wednesday, February 3, 2021. To register for the application training, visit http://bit.ly/MDSEEDTraining.
Application training for the National Capital Strategic Economic Development Fund will be hosted online at 2:30-4 p.m. on Wednesday, February 3, 2021. To register for the application training, visit http://bit.ly/MDNEDTraining.