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Texas Capital Fund Infrastructure / Real Estate Programs
NOTICE:

TDA is evaluating the current TCF program requirements based on stakeholder feedback, recent interest in rural economic development projects, and the constrains and opportunities of the CDBG program. The last published application cycle has been extended to Tuesday, November 26, 2019.

At this time, TDA is not announcing future dates for TCF RE/Infra application cycles. Program revisions and future application dates will be made available Spring 2020. We appreciate your patience as we work to ensure TxCDBG funds are available to meet the current economic development needs of rural Texas communities.Your ideas and concerns about community economic development are welcome and may be sent to Aubrey-Ann.Gilmore@TexasAgriculture.gov


Fund Names:

Texas Capital Fund Infrastructure / Real Estate Programs

Fund Acronyms:

INFRA/RE

Descriptions:

The Texas Capital Fund infrastructure development  and real estate programs are economic development tools designed to provide financial resources to non-entitlement communities. Funds from the infrastructure program can be utilized for public infrastructure needed to assist a business that commits to create and/or retain permanent jobs, primarily for low and moderate income persons. Funds from the real estate program must be used for real estate development to assist a business that commits to create and/or retain permanent jobs, primarily for low and moderate-income persons. The real estate and/or improvements must be owned by the community and leased to the business. These programs encourages new business development and expansions.

All Eligible Applicants:

Eligible applicants are nonentitlement general purpose units of local government including cities and counties that are not participating or designated as eligible to participate in the entitlement portion of the federal Community Development Block Grant Program (CDBG). Nonentitlement cities that are not participating in urban county programs through existing participation agreements are eligible applicants (unless the city’s population is counted towards the urban county CDBG allocation).

Nonentitlement cities are located predominately in rural areas and are cities with populations less than 50,000 thousand persons; cities that are not designated as a central city of a metropolitan statistical area; and cites that are not participating in urban county programs. Nonentitlement counties are also predominately rural in nature and are counties that generally have fewer than 200,000 persons in the nonentitlement cities and unincorporated areas located in the county. Businesses or individuals may not directly submit applications.

Award Amounts

Application Minimum/Maximum:

$100,000/$1,000,000

Evaluation and Selection

The Texas Capital Fund RE/Infra Program will be available quarterly, on a competitive basis, to eligible applicants statewide. Scoring is based on:

1) Unemployment rate
2) Total job activity
3) Proportion of Jobs Created
4) Wage Impact
5) Preferred Job Categories
6) Cost per Job
7) Readiness to Proceed

Application and Application Guide

2019 TCF Infra-RE Webinar  - This document an overview of the program, introducing programmatic requirements and scoring criteria.

2019 TCF RE/Infrastructure Program Application Guide 

This document provides detailed guidance regarding eligibility, program requirements, scoring criteria, and instructions for application submittal.

2019 TCF RE/Infrastructure Program Application - To view application, right click and download. Then open the file from the location you saved the document.

For more information about the Texas Capital Fund Infrastructure / Real Estate Programs, please contact Aubrey-Ann Gilmore by email at Aubrey-Ann.Gilmore@TexasAgriculture.gov or by calling (512) 936-7894.

Contact

For more information about the Texas Capital Fund Infrastructure / Real Estate Programs, please contact Aubrey-Ann Gilmore by email at Aubrey-Ann.Gilmore@TexasAgriculture.gov or by calling (512) 936-7894.