Revolving Fund Program

Post Date

April 6th 2016

Application Due Date

May 31st 2016

Funding Opportunity Number

RDRUS-16-RFP

CFDA Number(s)

10.864

Funding Instrument Type(s)

Grant

Funding Activity Categories

Agriculture
Community Development
Environment
Health

Number of Awards

3

Eligibility Categories

Non-Profits With 501 (c) (3) Status With The IRS (Except Higher Education Institutions)

Funding

• Estimated Total Funding:

  $1000000

• Award Range:

  $0 - $1000000

Grant Description

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.

Contact Information

• Agency

  Department of Agriculture

• Office:

  Utilities Programs

• Agency Contact:

  Derek Jones
  Community Program Specialist
  Phone 202-720-9640

• Agency Mailing Address:

  Government Email Address

• Agency Email Address:

  derek.jones@wdc.usda.gov

• More Information:

  Revolving Fund Program Webpage