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:	Mandatory
	Funding Opportunity Number:	USDA-GRANTS-052007-001
	Document Type:	Grants Notice
	Funding Instrument Type:	Grant
	Posted Date:	May 25, 2007
	Creation Date:	May 25, 2007
	Original Closing Date for Applications:	Jun 21, 2007
	Current Closing Date for Applications:	Information not provided
	Archive Date:	Jul 21, 2007
	Expected Number of Awards:	1
	Estimated Total Program Funding:	$495,000
	Federal Grant Award Ceiling:	$495,000
	Federal Grant Award Floor:	$495,000
	Cost Sharing or Matching Requirement:	No

Applicants Eligible for this Grant: Private institutions of higher education Others (see text field entitled "Additional Information on Eligibility" for clarification) Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
Additional Information on Eligibility: An applicant is eligible to apply for the RFP grant if it: 1. Is a private, non-profit organization that has tax-exempt status from the United States Internal Revenue Service (IRS); 2. Is legally established and located within one of the following: (a) A state within the United States; (b) The District of Columbia; (c) The Commonwealth of Puerto Rico; or (d) A United States territory; 3. Has the legal capacity and authority to carry out the grant purpose; 4. Has a proven record of successfully operating a revolving loan fund to rural areas; 5. 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; 6. Has no delinquent debt to the Federal Government or no outstanding judgments to repay a Federal debt; 7. Demonstrates that it possesses the financial, technical, and managerial capability to comply with Federal and State laws and requirements.
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. 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 captial projects not part of the regular operation and maintenance of current water and wastewater systems.
Link to Full Grant Announcement: Federal Website
http://a257.g.akamaitech.net/7/257/2422/01jan20071800/edocket.access.gpo.gov/2007/pdf/E7-9819.pdf
Grant Announcement Contact: Anita OBrien
Loan Specialist
Phone 202-690-3789 anita.obrien@wdc.usda.gov Government Email Adress
Similar Government Grants: • Revolving Loan Fund; • Grant Program to Establish a Fund for Financing Water and Wastewater Projects (Revolving Fund Progra...