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 $100,000.00 and shall be repaid in a term not to exceed 10 years. The rate shall be determined in the approved grant work plan.

Deleted 06/26/2014 (Archived.) RDRUS-14-01-RFP Agency: Department of Agriculture
Office: Utilities Programs Grant 3 05/27/2014 This program has cost sharing or matching requirements. Joyce Taylor
Community Specialist
202-720-0499 http://www.rurdev.usda.gov/UWP-revolvingfund.html joycem.taylor@wdc.usda.gov $1,000,000.00 Awards up to $100,000.00