Revolving Fund Program

Post Date

April 1st 2010

Application Due Date

May 25th 2010

Funding Opportunity Number

RDRUS-RFP-0310

CFDA Number(s)

10.864

Funding Instrument Type(s)

Grant

Funding Activity Categories

Community Development

Number of Awards

2

Eligibility Categories

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

Funding

• Estimated Total Funding:

  $497000

• Award Range:

  $0 - $497000

Grant Description

The Revolving Fund (RFP) Grant Program has been established to assist communities with water or wastewater systems. Qualified private non-profit organizations 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 Rural Utilities Service Water and Waste Disposal and Wastewater loan and grant programs. 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:

  Joyce Taylor
  Community Programs Specialist
  Phone 202-720-0499

• Agency Mailing Address:

  RFP Contact Person

• Agency Email Address:

  joycem.taylor@wdc.usda.gov