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Revolving Fund Program
Details
Location:USA
Funding agency:
Contracting authority: United States Department of agriculture - Rural Utilities Service - RD (Rural Development)
Contracting authority type:Government / Public Sector
Quick summary
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Objectives: The Revolving Fund Program (RFP) aims to assist nonprofit organizations in creating revolving loan funds, providing necessary financing to extend and improve water and wastewater systems in rural areas. The principal objectives are to finance pre-development costs, small-scale capital projects like replacement equipment, and extension of services not part of regular maintenance. The goal is to support sustainable community growth, promote energy efficiency, and enhance water reuse practices. Loan assistance cannot exceed $200,000 or 75% of the total project cost and must be repaid within 10 years.
Eligibility criteria: Eligible applicants for the RFP must be private, nonprofit entities. According to 7 CFR 1783.5, they must have the legal capacity to enter a grant agreement with USDA, capable of performing the activities proposed in the grant applicat...
Description
General Information Document Type: Grants Notice Funding Opportunity Number: RDRUS-25-RFP Funding Opportunity Title: Revolving Fund Program Opportunity Category: Discretionary Opportunity Category Explanation: Funding Instrument Type: Grant Category of Fu
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