The Revolving Fund Program (RFP) Grant, established by the Rural Utilities Service, is designed to support communities in developing or upgrading water and wastewater infrastructure. This grant empowers qualified private non-profit organizations to set up revolving loan funds. These funds will then provide financing to eligible entities for predevelopment costs of water or wastewater projects, or for short-term, small capital projects distinct from regular operations and maintenance. Loan recipients must be entities typically qualifying for Rural Utilities Service Water and Waste Disposal programs. Individual loans are capped at $100,000 and must be repaid within a maximum of 10 years, with interest rates determined by the approved grant work plan.
Opportunity ID: 53417
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | RDRUS-RFP-0310 |
| Funding Opportunity Title: | Revolving Fund Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | null |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development |
| Category Explanation: | – |
| Expected Number of Awards: | 2 |
| 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 01, 2010 |
| Last Updated Date: | – |
| Original Closing Date for Applications: | May 25, 2010 |
| Current Closing Date for Applications: | May 25, 2010 |
| Archive Date: | Jun 24, 2010 |
| Estimated Total Program Funding: | $497,000 |
| Award Ceiling: | $497,000 |
| Award Floor: | $0 |
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 (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. |
| Link to Additional Information: | – |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
Joyce Taylor
Community Programs Specialist Phone 202-720-0499 Email:joycem.taylor@wdc.usda.gov |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
Related Documents
Folder 53417 Full Announcement-1 -> revolving fund nofa.pdf
Folder 53417 Other Supporting Documents-Application Guide and Regulations 1 -> 7 cfr 1783 rfp regulation.pdf
Folder 53417 Other Supporting Documents-Application Guide and Regulations 1 -> application guide-revolving fund 2010.pdf
Packages
There are no packages on this grant.
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