Revolving Fund Program

Quick Facts

Due DateMay 27, 2014 (Tuesday)
Award AmountUp to $ 100,000
Category of Funding ActivityAgriculture
Community Development
Environment
Health
Eligible Applicants
  • Nonprofits having a 501 (c) (3) status with the IRS, other than institutions of higher education

Program 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.

General Information

Funding Opportunity NumberRDRUS-14-01-RFP
Funding Opportunity TitleRevolving Fund Program
Opportunity CategoryAgriculture
Community Development
Environment
Health
Funding Instrument TypeGrant
Category ExplanationNot Available
Number of Awards3
Cost Sharing or Matching RequirementYes
Posted DateApril 10, 2014 (Thursday)
Application Due DateMay 27, 2014 (Tuesday)
Application Archive DateJune 26, 2014 (Thursday)
Total Program Funding$ 1,000,000
Award AmountUp to $ 100,000
CFDA Number
  • 10.864 - Grant Program to Establish a Fund for Financing Water and Wastewater Projects

Eligible Applicants

  • Nonprofits having a 501 (c) (3) status with the IRS, other than institutions of higher education

Contact Information

Agency NameDepartment of Agriculture
Program Information WebsiteRevolving Fund Program
ContactOffice: Utilities Programs
Joyce Taylor
Community Specialist
202-720-0499
email

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