How much funding does Community Economic Development (CED) Fund provide?

Community Economic Development (CED) Fund provides $50,000 - $300,000 in funding.

When is the deadline for Community Economic Development (CED) Fund?

This grant has a rolling deadline or the deadline has not been announced.

Community Economic Development (CED) Fund

South Carolina Association for

Foundation Community Development Grants Small Business Grants Workforce Development Grants Affordable Housing Grants

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Funding Amount

$50,000 - $300,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Community Economic Development (CED) Fund

Program Created: 2000 (SC General Assembly via SC Community Economic Development Act)

Overview:
The CED grant program supports certified community development corporations (CDCs) and community development financial institutions (CDFIs) sponsored projects in South Carolina. The program enhances economic opportunities of underserved and rural communities through various development activities.

Geographic Scope: South Carolina

Eligible Applicants:

State certified community development corporations (CDCs)

Community development financial institutions (CDFIs)

Eligible Project Types:
Qualifying projects and activities include:

Small business development

Workforce training

Commercial retail development

Historic preservation

Financial empowerment

Neighborhood revitalization

Affordable housing

Job creation

Community economic development

Focus:
Projects designed to enhance economic opportunities and wealth creation in economically challenged communities, enabling low-to-moderate income persons to become:

Small business owners

Homeowners

Secure employment

Funding History:

2021-2022 and 2022-2023 state budget: $4 million total appropriated

2021: $975,000 granted to 11 certified CDCs/CDFIs

2023 (May): $2.7 million awarded to 14 state certified CDCs/CDFIs

Award range: $50,000 to $300,000 per grant

2023 CED Fund Grantees (14 organizations):

Allendale County ALIVE

Anderson Interfaith Ministries

CommunityWorks

Greenville Housing Fund

Habitat for Humanity of Greenville County

Homes of Hope

Metanoia

Nehemiah Community Revitalization Corporation

Rebuild Upstate

Santee-Lynches Affordable Housing & CDC

SC Community Loan Fund

SC UpLift Community Outreach

Soteria Community Development Corporation

Southeastern Housing and Community Development

Current Status (as of 2025):
All funds from the most recent appropriation (end of 2023) have been granted out. SCACED is advocating for a $3 million appropriation in the current state budget to replenish the CED Fund.

Contact Information:
SCAced
PO Box 20577
Charleston, SC 29413
P: 843-579-9855
F: 843-579-0232