This funding record is inactive. Please see the program website or contact the program sponsor to determine if this program is currently accepting applications or will open again in the future.
Revolving Funds for Financing Water and Wastewater Projects
Application Deadline: Jun 12, 2023
USDA Rural Development (USDA RD)
Awards grants to establish revolving loan funds that provide financing to local utility districts for projects to develop or improve water and waste treatment facilities in rural areas. Supports small, rural communities in providing clean, reliable drinking water and sanitary sewage disposal to households and businesses.
Loan funds can be used for:
- Pre-development costs associated with new water and wastewater projects or with existing systems
- Small, short-term capital projects, such as equipment replacement and service extension, that are not part of regular operations or maintenance
Amount of Funding
Estimated number of awards: 4
Estimated total program funding: $1,000,000
Award amounts vary based on demonstrated need and other factors. Applicants are required to provide matching funds for a portion of the project. Generally, awards may not exceed 80% of the total project costs. Matching funds can come directly from the applicant or from third party sources. In-kind contributions may not be used.
The maximum loan from a revolving fund is $200,000 per borrower or 75% of the total project cost, whichever is less. The maximum loan term is 10 years. Interest rates are determined by the organization managing the fund and approved by USDA RD Rural Utilities Service.
Who Can Apply
Applications may be submitted by private nonprofit organizations with the legal authority to operate a revolving loan fund and sufficient financial, technical, and managerial capacity to comply with relevant state and federal laws and regulations.
Eligible areas include:
- Rural areas and towns with population of 10,000 or less
- Tribal lands in rural areas
Use the USDA Rural Utilities Service Property Eligibility search tool to determine if an address is located in an eligible area.
What This Program Funds
Capacity Building • Equipment
Application instructions, requirements, and other information can be found in the funding announcement.
Contact your local USDA Rural Development state office to discuss your specific project and start an application.
For program questions:
For additional information, contact the appropriate USDA Rural Development state office
Topics This Program Addresses