Revolving Fund Program
The summary for the Revolving Fund Program grant is detailed below.
This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants.
Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact.
If any section is incomplete, please visit the website for the Utilities Programs, which is the U.S. government agency offering this grant.
Revolving Fund Program: The Revolving Fund (RFP) Grant Program has been established to assist communities with water or wastewater systems. Qualified private non-profit organizations 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 Rural Utilities Service Water and Waste Disposal and Wastewater loan and grant programs. 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 shortterm 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.
| Federal Grant Title: | Revolving Fund Program |
| Federal Agency Name: | Utilities Programs |
| Grant Categories: | Community Development |
| Type of Opportunity: | Mandatory |
| Funding Opportunity Number: | RDUP-RFP-GRANTS-01292008 |
| Type of Funding: | Grant |
| CFDA Numbers: | 10.864 |
| CFDA Descriptions: | Grant Program to Establish a Fund for Financing Water and Wastewater Projects |
| Current Application Deadline: | No deadline provided |
| Original Application Deadline: | Mar 28, 2008 |
| Posted Date: | Jan 30, 2008 |
| Creation Date: | Jan 30, 2008 |
| Archive Date: | Apr 27, 2008 |
| Total Program Funding: | $496,500 |
| Maximum Federal Grant Award: | $496,500 |
| Minimum Federal Grant Award: | $496,500 |
| Expected Number of Awards: | 1 |
| Cost Sharing or Matching: | No |
- Applicants Eligible for this Grant
- Others (see text field entitled "Additional Information on Eligibility" for clarification)
- Additional Information on Eligibility
- An organization is eligible to receive a RFP grant if it: a. Is a private, non-profit organization that has tax-exempt status from the United States Internal Revenue Service (IRS); b. Is legally established and located within one of the following: . a state within the United States . the District of Columbia . the Commonwealth of Puerto Rico . a United States territory c. Has the legal capacity and authority to carry out the grant purpose; d. Has a proven record of successfully operating a revolving loan fund to rural areas; e. Has capitalization acceptable to the Agency, and is composed of at least 51 percent of the outstanding interest or membership being citizens of the United States or individuals who reside in the United States after being legally admitted for permanent residence; f. Has no delinquent debt to the Federal Government or no outstanding judgments to repay a Federal debt; g. Demonstrates that it possesses the financial, technical, and managerial capability to comply with Federal and State laws and requirements.
- Link to Full Grant Announcement
- Information not provided
- Grant Announcement Contact
- Anita OBrien
Loan Specialist
Phone 202-690-3789 [email protected] Government Email Address - Similar Government Grants \n\n
- • Grant Program to Establish a Fund for Financing Water and Wastewater Projects (Revolving F...
- • Revolving Loan Fund
- • Revolving Fund Program (RFP)
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