National Capital Strategic Economic Development Fund

The National Capital Strategic Economic Development Fund (NED) provides competitive grants in support of commercial and residential predevelopment activities in areas targeted for revitalization.

Who Can Apply

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. Learn more about Sustainable Communities. NED funding should also support commercial and residential development projects. Projects must be located within a State of Maryland designated Sustainable Community. View a listing of approved Sustainable Communities applications.

The majority (85%) of all NED funds will support predevelopment activities inside of a state-designated Sustainable Community located between Interstate Highway 495 and the District of Columbia. The remaining NED funds can support predevelopment activities inside of state-designated Sustainable Community anywhere in the State.

Funds can only be used for the following types of pre-development activities:

  • Site Acquisition 
  • Land Assembly 
  • Site Development 
  • Construction-level architectural and engineering designs

Examples of eligible commercial and residential development projects are:

  • Renovation and rehabilitation of single family homes 
  • Acquisition and rehabilitation of vacant homes for resale to new home buyers 
  • Improvements to business properties 
  • Enhancement of community open space of public infrastructure 
  • Capital projects that support workforce and employment development programs
​​​

HOW TO APPLY

Applications are evaluated based on need, community conditions, project/program scope, proposed timeline, budget, and organizational capacity. When the competitive round is open, the application can be found at https://projectportal.dhcd.state.md.us​.

MORE INFORMATION

To find out more about our programs, please contact your Regional Project Manager.

​​​​​​