Revolving Fund Program
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 $100,00 0. 00 and shall be repaid in a term not to exceed 10 years.
The rate shall be determined in the approved grant work plan.
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 $100,00 0. 00 and shall be repaid in a term not to exceed 10 years.
The rate shall be determined in the approved grant work plan.
Related Programs
Grant Program to Establish a Fund for Financing Water and Wastewater Projects
Department of Agriculture
Obtain Full Opportunity Text:
Not Available
Additional Information of Eligibility:
Not Available
Full Opportunity Web Address:
Contact:
Joyce TaylorCommunity Programs SpecialistPhone 202-720-0499
Agency Email Description:
RFP Contact Person
Agency Email:
joycem.taylor@wdc.usda.gov
Date Posted:
2010-04-01
Application Due Date:
2010-05-25
Archive Date:
2010-06-24
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