National Capital Strategic Economic Development Program

National Capital Strategic Economic Development Fund Main_Content ​​​​​​​​​​​​The National Capital Strategic Economic Development Fund (NED) provides competitive funds in support of commercial and residential activities in areas targeted for revitalization. The program attempts to focus on areas where modest investment and a coordinated strategy will have an appreciable neighborhood revitalization impact. Eligible Applicants Eligible applicants include local governments and community development organizations. Eligible Projects Funds from the NED Program should support the goals and objectives outlined in a targeted area’s Sustainable Communities​ Action Plan, including commercial and residential development projects. Examples of eligible commercial and residential development projects are: Down payment assistance for homebuyers to purchase and rehabilitate homes Programs to acquire or rehabilitate vacant or dilapidated properties Programs to improve existing residential and business properties Programs to achieve energy efficiency through weatherization and energy retrofits Development of affordable housing Development of mixed–use projects that combine office space Development or enhancement of community open space or public infrastructure Strategic demolition Eligible Project Locations NED projects should be in Sustainable Communities located: In Prince George’s County at least in part, within the boundary created by Interstate 495 in the State and the District of Columbia; OR In Montgomery County within an Enterprise Zone or the boundary created by: ​Prince George’s County; Maryland Route 200; Interstate 270; Interstate 495 to the Maryland state line; and The District of Columbia. To view your jurisdiction’s NED boundary use the ​ Neighborhood Revitalization Mapper​ . If you have questions regarding whether a specific address is eligible to apply for the NED Program, contact your ​ Regional Project Manager​ . More Information For more information and how to apply, visit State Revitalization Programs​ webpage. Center_Content

Eligible Applicants Eligible applicants include local governments and community development organizations.