Revolving Funds for Financing Water and Wastewater Projects
Link
Additional Links
Fact Sheet
Notice of Funding Opportunity (Grants.gov)
Deadline
Application Deadline: May 6, 2024
Sponsor
USDA Rural Development (USDA RD)
Purpose
Awards grants to qualified nonprofits 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 that are not part of regular operations or maintenance such as equipment replacement and service extension
Amount of Funding
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
- Colonias
Use the USDA Rural Utilities Service Property Eligibility search tool to determine if an address is located in an eligible area.
Geographic Coverage
Nationwide
What This Program Funds
Capacity Building • Equipment
Application Process
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.
Fiscal year 2024 application guide
Contact
For program questions:
Christina Cerio
315-403-3112
Water-RD@usda.gov
For additional information, contact the appropriate USDA Rural Development state office.
Topics This Program Addresses
Infrastructure