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Revolving Fund Program
The Revolving Fund Program (RFP) has been established to assist communities with water or wastewater systems.
Qualified private, non-profit organizations, who are selected for funding, will receive RFP grant funds to establish a lending program for eligible entities.
Eligible entities
for the revolving loan fund will be the same entities eligible to obtain a loan, loan guarantee, or grant from the Water and Waste Disposal loan and grant programs administered by RUS, under 7 U.S.C.1926(a)(1) and (2).
As grant recipients, the non-profit organizations will set up a revolving loan fund to provide loans to finance predevelopment costs of water or wastewater projects, or short-term small capital projects not part of the regular operation and maintenance of current water and wastewater systems.
The amount of financing to an eligible entity shall not exceed $100,00 0. 00 and shall be repaid in a term not to exceed 10 years.
The rate shall be determined in the approved grant work plan.
Qualified private, non-profit organizations, who are selected for funding, will receive RFP grant funds to establish a lending program for eligible entities.
Eligible entities
for the revolving loan fund will be the same entities eligible to obtain a loan, loan guarantee, or grant from the Water and Waste Disposal loan and grant programs administered by RUS, under 7 U.S.C.1926(a)(1) and (2).
As grant recipients, the non-profit organizations will set up a revolving loan fund to provide loans to finance predevelopment costs of water or wastewater projects, or short-term small capital projects not part of the regular operation and maintenance of current water and wastewater systems.
The amount of financing to an eligible entity shall not exceed $100,00 0. 00 and shall be repaid in a term not to exceed 10 years.
The rate shall be determined in the approved grant work plan.
Related Programs
Grant Program to Establish a Fund for Financing Water and Wastewater Projects
Department of AgricultureWho's Eligible
Obtain Full Opportunity Text:
Revolving Fund Program Webpage
Additional Information of Eligibility:
Not Available
Full Opportunity Web Address:
http://www.rd.usda.gov/programs-services/water-waste-disposal-revolving-loan-funds
Contact:
Derek JonesCommunity Program SpecialistPhone 202-720-9640
Agency Email Description:
Government Email Address
Agency Email:
derek.jones@wdc.usda.gov
Date Posted:
2016-04-06
Application Due Date:
2016-05-31
Archive Date:
2016-06-30
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