Resident Management and Business Development - Categorical Grants

Overview

Resident Management and Business Development (RMBD) establish and strengthen organizational capacity for site-based resident associations (RAs) that do not have the capacity to administer a welfare-to-work program, conduct management activities, or implement business development enterprises/ventures. Eligible grantees are RAs representing public housing residents and citywide resident organizations (CWROs).

Funds from RMBD grants may be used for activities such as:

• Training related to resident-owned businesses or cooperative developments and technical assistance for job training and placement in resident management corporation (RMC) developments.
  
  
• Technical assistance and training in resident-managed business development through feasibility and market studies; development of business plans; outreach activities; innovative financing methods; and legal advice in establishing a resident-managed business entity or cooperative.
  
  
• Establishing and funding revolving loan funds.
  
  
• Training residents, as potential employees of an RMC, in skills directly related to the operation, management, maintenance, and financial systems of a development.
  
  
• Gaining assistance in negotiating management contracts and designing a long-range planning system.
  
  
• Management-related employment training and counseling, including job search, development, placement, and follow-up assistance.
  
  
• Support services for residents.
  
  
• Establishing and operating centers that use technology and telecommunications for job training, after-school youth programs, and educational activities.

Summary