It looks like there is no current build for this package for EPEL7.  Also, because the Dracut paths were change, the following was needed to be done to get it to build properly on EPEL7

==================================

diff --git a/cloud-initramfs-tools.spec b/cloud-initramfs-tools.spec
index f30e288..70039f0 100644
--- a/cloud-initramfs-tools.spec
+++ b/cloud-initramfs-tools.spec
@@ -1,7 +1,7 @@
 Summary:	Cloud image initramfs management utilities
 Name:		cloud-initramfs-tools
 Version:	0.20
-Release:	3%{?dist}
+Release:	4%{?dist}
 License:	GPLv3
 Group:		System Environment/Base
 URL:		https://launchpad.net/ubuntu/saucy/+source/cloud-initramfs-tools/0.20ubuntu1/+files/cloud-initramfs-tools_0.20ubuntu1.tar.gz
@@ -43,34 +43,21 @@ disk, or the edge of the next partition.
 
 
 %install
-
-%if 0%{?fedora}
 make install-fedora DESTDIR=$RPM_BUILD_ROOT/%{_prefix}/lib/
-%else
-%if 0%{?rhel}
-make install-epel DESTDIR=$RPM_BUILD_ROOT/%{_prefix}/share/
-%endif
-%endif
 
 
 %files -n dracut-modules-growroot
 %doc COPYING README growroot/doc/example.txt
-%if 0%{?fedora}
 %dir %{_prefix}/lib/dracut/modules.d/50growroot
 %{_prefix}/lib/dracut/modules.d/50growroot/growroot-dummy.sh
 %{_prefix}/lib/dracut/modules.d/50growroot/growroot.sh
 %{_prefix}/lib/dracut/modules.d/50growroot/module-setup.sh
-%else
-%if 0%{?rhel}
-%dir %{_prefix}/share/dracut/modules.d/50growroot
-%{_prefix}/share/dracut/modules.d/50growroot/growroot-dummy.sh
-%{_prefix}/share/dracut/modules.d/50growroot/growroot.sh
-%{_prefix}/share/dracut/modules.d/50growroot/install
-%endif
-%endif
 
 
 %changelog
+* Tue Jul 08 2014 Mohammed Naser <mnaser> - 0.20-4
+- Updated to support RHEL/CentOS 7
+
 * Sat Jun 07 2014 Fedora Release Engineering <rel-eng.org> - 0.20-3
 - Rebuilt for https://fedoraproject.org/wiki/Fedora_21_Mass_Rebuild
 
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