Promise Zone Designation Applicants Sought

On Friday, the Administration invited a new round of eligible applicants to compete for Promise Zones designation. While no grant funds come with the designation, Promise Zones receive preference for certain competitive federal programs and technical assistance. “Promise Zones are about giving folks who have been underserved for far too long the opportunity to build stronger neighborhoods and more prosperous lives,” stated HUD Secretary Julián Castro at the competition’s launch. Currently, there are twelve federal agencies working in close collaboration to provide resources and expertise to urban, rural, and tribal Promise Zones to expand economic mobility and opportunity. Applications are due on November 21, 2014. Read the press release and information on the competition.