The Department of Rural Utility Service offers the Revolving Fund Program (RFP) to support water and wastewater systems in communities. Private, non-profit organizations can receive RFP grant funds to establish a lending program for eligible entities. This grant assists in financing predevelopment costs or short-term small capital projects. Recipients can provide loans up to $100,000 with a repayment term not exceeding 10 years. The interest rate is determined in the approved grant work plan. Apply by May 27, 2014, to participate in this valuable opportunity to improve water and wastewater infrastructure in rural areas.
Opportunity ID: 253678
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | RDRUS-14-01-RFP |
| Funding Opportunity Title: | Revolving Fund Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Agriculture Community Development Environment Health |
| Category Explanation: | – |
| Expected Number of Awards: | 3 |
| Assistance Listings: | 10.864 — Grant Program to Establish a Fund for Financing Water and Wastewater Projects |
| Cost Sharing or Matching Requirement: | Yes |
| Version: | Synopsis 1 |
| Posted Date: | Apr 10, 2014 |
| Last Updated Date: | – |
| Original Closing Date for Applications: | May 27, 2014 |
| Current Closing Date for Applications: | May 27, 2014 |
| Archive Date: | Jun 26, 2014 |
| Estimated Total Program Funding: | $1,000,000 |
| Award Ceiling: | $100,000 |
| Award Floor: | – |
Eligibility
| Eligible Applicants: | Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education |
| Additional Information on Eligibility: | – |
Additional Information
| Agency Name: | Rural Utilities Service |
| 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. |
| Link to Additional Information: | Revolving Fund Program |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
Joyce Taylor
Community Specialist 202-720-0499 Email:joycem.taylor@wdc.usda.gov |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
Related Documents
There are no related documents on this grant.
Packages
| Agency Contact Information: | Joyce Taylor Community Specialist 202-720-0499 Email: joycem.taylor@wdc.usda.gov |
| Who Can Apply: | Organization Applicants |
| Assistance Listing Number | Competition ID | Competition Title | Opportunity Package ID | Opening Date | Closing Date | Actions |
|---|---|---|---|---|---|---|
| 10.864 | PKG00195068 | May 27, 2014 | View |
Package 1
Mandatory forms
253678 SF424_2_1-2.1.pdf
253678 SF424A-1.0.pdf
253678 SF424B-1.1.pdf
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