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 include local governments and community development organizations.
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.
For FY2022, applicant projects should be located within Sustainable Communities that are located:
To view your jurisdiction’s Sustainable Community boundary (and Enterprise Zone boundary for projects in Montgomery County only) use the online revitalization mapping tool. If you have questions regarding whether a specific address is eligible to apply for the NED Program, contact your Regional Project Manager.
Examples of eligible commercial and residential development projects are:
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.
To find out more about our programs, please contact yourRegional Project Manager.