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Revolving Funds for Financing Water and Wastewater Projects in Indiana

closed
Application window: June 21, 2022 – July 31, 2022 11:59 p.m. EST


FY 2022 Funding Opportunity Announcement

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:

  • Legal authority to operate a revolving loan fund.
  • Financial, technical and managerial capacity to comply with relevant state/federal laws and regulations.

How may the grant funds be used?

To create a revolving loan fund for eligible water and wastewater systems operated by:

  • State and local governmental entities
  • Nonprofits
  • Indian tribes on federal and state reservations and other federally recognized Indian tribes

What may the revolving loan fund be used for?

  • Pre-development costs for water and wastewater treatment projects.
  • Short-term small capital improvement projects that are not part of the regular operations and maintenance.

What are the revolving loan fund terms?

  • Maximum loan per borrower is $200,000.
  • Maximum term is 10 years
  • The interest rate is determined by the nonprofit that manages the revolving loan fund and approved by Rural Utilities Service.

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?

Who can answer questions?

What governs this program?

  • Code of Federal Regulations, 7 CFR Part 1783
  • Section 306 of the Consolidated Farm and Rural Development Act

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.

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. Grant recipients under this program must have legal authority to operate a revolving loan fund.  They must provide a work plan that documents the ability to make and service loans to eligible entities under this program and demonstrates the feasibility of their lending program to meet the purpose of the Revolving Fund Program.

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?"

NOTE: Please select your state in the dropdown menu above to find the state office contact information for this program, and speak to a program specialist before attempting to fill out any forms or applications. This will save you time in completing your application. Please also refer to the application guide listed below.
 

Application Resources:


FY 2022 Revolving Loan Fund Program Application Guide PDF

Grants.gov Opportunity Number: RDRUS-22-RFP

There are no other additional requirements at the national level. If there are additional state-specific requirements they will be listed above.

Indiana State Office
5975 Lakeside Boulevard, Indianapolis, Indiana 46278-1996
Call us at 317-290-3100 TDD#317-295-5799


Rochelle Owen
Community Programs Director
rochelle.owen@usda.gov
(317) 295-5767

Krueger Pfister
Community Program Specialist
krueger.pfister@usda.gov
(317) 295-5794


Columbia City Area Office
788 W. Connexion Way, Suite E, Columbia City, IN 46725-1047
Call us at 260-244-6266 EXT #4


Laura Hamann (Northern Director)
laura.hamann@usda.gov
260-244-6266 Ext: 122

Adams, Allen, DeKalb, Elkhart, Huntington, Kosciusko, LaGrange, Miami, Noble, Steuben, Wabash, Wells, and Whitley counties.


North Vernon Area Office
2600 Highway 7 North, North Vernon, IN 47265
Call us at 812-346-3411 EXT #4


Marcia Comer
marcia.comer@usda.gov
(812) 953-4164

Charlene Hale
charlene.hale@usda.gov
(812) 953-4147

Bartholomew, Clark, Dearborn, Decatur, Floyd, Franklin, Jackson, Jefferson, Jennings, Johnson, Ohio, Ripley, Scott, Shelby, Switzerland, and Washington counties.


Bloomfield Area Office
104 County Road 70 East, Suite C Bloomfield, IN 47424
Call us at 812-384-4634 EXT #4


Cynthia Ferguson
cynthia.fergsuon@usda.gov
(812) 792-5020

Brown, Clay, Daviess, Greene, Knox, Lawrence, Martin, Monroe, Morgan, Owen, Sullivan, and Vigo counties.


Muncie Area Office
3641 N Briarwood Lane, Muncie, IN 47304
Call us at 765-747-5531 EXT #4


E. Ric Frataccia
enrico.frataccia@usda.gov
(317) 295-5788

Blackford, Delaware, Fayette, Grant, Hamilton, Hancock, Henry, Howard, Jay, Madison, Marion, Randolph, Rush, Tipton, Union, and Wayne counties.


Crawfordsville Area Office
2032 Lebanon Road, Crawfordsville, IN 47933-2143
Call us at 765-362-0405 EXT #4


John Magee
john.magee@usda.gov
(765) 362-0405

Benton, Boone, Clinton, Fountain, Hendricks, Montgomery, Parke, Putnam, Tippecanoe, Vermillion, and Warren counties.


Jasper Area Office
1484 Executive Blvd, Jasper, IN 47546-9300
Call us at 812-482-1171 EXT #4


Craig McGowan (Southern Director)
craig.mcgowan@usda.gov
(812) 817-3443

Crawford, Dubois, Gibson, Harrison, Orange, Perry, Pike, Posey, Spencer, Vanderburgh, and Warrick counties.


Knox Area Office
1410 South Heaton St. Knox, IN 46534-2314
Call us at 574-772-3066 EXT #4


David Hacker
david.d.hacker@usda.gov
(574) 772-3066, Ext. 127

Carroll, Cass, Fulton, Jasper, Lake, LaPorte, Marshall, Newton, Porter, Pulaski, St. Joseph, Starke, and White counties.

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