The Rural Utilities Service Revolving Fund Program (RFP) offers grants to private, non-profit organizations to establish lending programs for water or wastewater projects. Grant recipients can provide loans for predevelopment costs or short-term small capital projects, with financing up to $100,000. Repayment terms extend up to 10 years, with interest rates determined in the approved grant work plan. Eligible entities include those qualified for Water and Waste Disposal loan and grant programs under 7 U.S.C.1926(a)(1) and (2). Applications are accepted until May 31, 2016.
Opportunity ID: 282800
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | RDRUS-16-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 06, 2016 |
| Last Updated Date: | – |
| Original Closing Date for Applications: | May 31, 2016 |
| Current Closing Date for Applications: | May 31, 2016 |
| Archive Date: | Jun 30, 2016 |
| Estimated Total Program Funding: | $1,000,000 |
| Award Ceiling: | $1,000,000 |
| 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 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 Webpage |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
Derek Jones
Community Program Specialist Phone 202-720-9640 Email:derek.jones@wdc.usda.gov |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
Related Documents
Folder 282800 Full Announcement-NOFA -> RFP FEDERAL REGISTER 3-31-2016.pdf
Packages
| Agency Contact Information: | Derek Jones Community Program Specialist Phone 202-720-9640 Email: derek.jones@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 | PKG00222536 | May 31, 2016 | View |
Package 1
Mandatory forms
282800 SF424_2_1-2.1.pdf
282800 SF424A-1.0.pdf
282800 SF424B-1.1.pdf
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