July 8, 2011
ED Launches New Round of Promise Neighborhood Grants
On July 6, the Department released the application for the next phase of the Promise Neighborhoods program, including a second round of planning grants and new implementation grants, totaling $30 million. Institutions of higher education are eligible to apply for funds to develop or execute plans that will improve educational and developmental outcomes for students in distressed neighborhoods. The Department expects to award four to six implementation grants with an estimated grant award of $4 million to $6 million. Grantees will receive annual grants over a period of three to five years, with total awards ranging from $12 million to $30 million. Remaining 2011 funding will go toward 10 new one-year planning grants with an estimated grant award of $500,000.
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