Revolving Fund Program

The summary for the Revolving Fund Program Federal Grant is detailed below. It contains information such as the Catalog of Federal Domestic Assistance (CFDA) number, who is eligible for the grant, how much grant money will be awarded, important deadlines, 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 in the Grant Announcement Contact section. If these sections are incomplete, please visit the website of the government agency that is offering this grant.


	Federal Grant Title:	Revolving Fund Program
	CFDA Number:	10.864
	CFDA Description:	Grant Program to Establish a Fund for Financing Water and Wastewater Projects
	Federal Agency Name:	Utilities Programs
	Category of Funding Activity:	Community Development
	Category Explanation:	Information not provided
	Opportunity Category:	Discretionary
	Funding Opportunity Number:	RDRUS-RFP-0310
	Document Type:	Grants Notice
	Funding Instrument Type:	Grant
	Posted Date:	Apr 01, 2010
	Creation Date:	Apr 01, 2010
	Original Closing Date for Applications:	May 25, 2010
	Current Closing Date for Applications:	May 25, 2010
	Archive Date:	Jun 24, 2010
	Expected Number of Awards:	2
	Estimated Total Program Funding:	$497,000
	Federal Grant Award Ceiling:	$497,000
	Federal Grant Award Floor:	$0
	Cost Sharing or Matching Requirement:	Yes

Applicants Eligible for this Grant: Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
Additional Information on Eligibility: Information not provided
Grant Description: 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 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.
Link to Full Grant Announcement: Information not provided
Grant Announcement Contact: Joyce Taylor Community Programs Specialist Phone 202-720-0499

RFP Contact Person [joycem.taylor@wdc.usda.gov]
Similar Government Grants: • Revolving Loan Fund; • Grant Program to Establish a Fund for Financing Water and Wastewater Projects (Revolving Fund Progra...