HUD, administration announce Promise Zone competition

Promise Zone Benefits. The Promise Zone designation will last for a term of 10 years. During this term, the specific benefits made available to Promise Zones will vary from year to year, and sometimes more often than annually, due to changes in the agency policies and changes in appropriations and authorizations for relevant programs.

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Promise Zones are high poverty communities where the federal government will partner with and invest in high-poverty urban, rural, and tribal communities to create jobs, increase economic activity, improve educational opportunities, leverage private. investment, and reduce violent crime.

Applicants that propose to serve children that reside within a federally designated Promise Zone (listed in the Appendix) and that serves a substantial number of children within that Zone and submit form HUD-50153 Certification of Consistency with Promise Zone Goals and Implementation, signed by the authorized official for the designated Promise Zone supporting the application, will receive 3 bonus points under the Criteria listed in Section V.1.

Development (HUD) Deputy Secretary Nani Coloretti announced that South Los Angeles won a federal Promise Zone designation in the third round of the competition. The event was attended by Mayor Eric Garcetti, elected officials who represent the area – including Congresswomen Karen Bass and Lucille

WASHINGTON – Today, U.S. Department of Housing and Urban Development (HUD) Secretary Julin Castro and U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced that communities may now apply to be designated a Promise Zone under the third and final round competition.

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HUD Rule Change May Drive More FHA Deals obama administration announces competition to designate next round of promise zones WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Julin Castro joined U.S. Department of Agriculture Secretary Tom Vilsack, U.S. Department of Transportation Secretary Anthony Foxx, and Education Secretary Arne Duncan to announce a competition to designate a new round of Promise Zones.