Closed: July 16, 2021
Closed: July 16, 2021
What does this program do?
This program helps qualified nonprofits create revolving loan funds that can provide financing to extend and improve water and waste disposal systems in rural areas.
Who may apply for these grants?
Nonprofits that have:
How may the grant funds be used?
To create a revolving loan fund for eligible utility districts operated by:
What may the revolving loan fund be used for?
What are the revolving loan fund terms?
What is an eligible area?
Are matching funds required?
Yes, the applicant must contribute at least 20 percent.
• Matching funds may be from the applicant or a third party.
• Matching funds may not be in-kind.
Are there any Environmental requirements associated with this grant?
RUS will notify a successful applicant by an award letter accompanied by a grant agreement and multi-tier action environmental compliance agreement. The grant agreement will contain the terms and conditions for the grant; the multi-tier action environmental compliance agreement will detail the Recipient’s responsibilities in meeting the Agency’s Environmental Policies and Procedures, 7 CFR part 1970, in particular §1970.55 which applies to multi-tier actions or relending actions. The multi-tier action environmental compliance agreement acknowledges that further “tiered” environmental review may be required and coordinated by the Recipient prior to approving Subrecipient applications for re-lending purposes. The applicant must execute and return the agreements, accompanied by any additional items required by the award letter or grant agreement.
How do we get started?
First, contact a Rural Development program specialist in the state or territory where the revolving loan fund would be available. The program specialist will help you begin the application process.
Who can answer questions?
What governs this program?
Why does USDA Rural Development do this?
This program helps very small communities extend and improve water and waste treatment facilities for households and businesses. Good practices can save tax dollars, improve the natural environment and may be necessary for manufacturers and other types of businesses to locate or expand operations.
NOTE: Program details may change over time. Before you begin an application, please confirm you have the most current information by contacting a program specialist in your local office for assistance, or consult the Program Instructions listed in the section above titled "What Governs this Program?"
A revolving loan fund is a pool of public- and private-sector funds that recycles money as loans are repaid (revolved funds). Funding by a grant or a long-term/low-cost loan is used to start, replenish and expand revolving loan funds. Funding recipients are state or local government agencies and nonprofit entities structured to make loans. They must demonstrate economic need and have a plan that both meets program requirements and spurs growth.
FY 2021 Revolving Loan Fund Program Application Guide PDF
Grants.gov Opportunity Number: RDRUS-21-RFP
There are no other additional requirements at the national level. If there are additional state-specific requirements they will be listed above.
There are currently no events scheduled.