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 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.
Federal Grant Title: Revolving Fund Program
Federal Agency Name: Utilities Programs
Grant Categories: Agriculture Community Development Environment Health
Type of Opportunity: Discretionary
Funding Opportunity Number: RDRUS-16-RFP
Type of Funding: Grant
CFDA Numbers: 320741
CFDA Descriptions: Grant Program to Establish a Fund for Financing Water and Wastewater Projects
Current Application Deadline: May 31, 2016
Original Application Deadline: May 31, 2016
Posted Date: Apr 6, 2016
Creation Date: Apr 6, 2016
Archive Date: Jun 30, 2016
Total Program Funding: $1,000,000
Maximum Federal Grant Award: $1,000,000
Minimum Federal Grant Award: $0
Expected Number of Awards: 3
Cost Sharing or Matching: Yes
Applicants Eligible for this Grant
Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
Link to Full Grant Announcement
Revolving Fund Program Webpage
Grant Announcement Contact
Derek Jones Community Program Specialist Phone 202-720-9640
Government Email Address

Utilities Programs 202.690.1078
More Grants from the Utilities Programs
Solid Waste Management Grant Program
TAT Grant Program
Rural Housing Preservation Grant
Assistance to High Energy Cost Communities
Community Facilities Technical Assistance and Training Grant

FederalGrants.com is not endorsed by, or affiliated with, any government agency. Copyright ©2007-2020 FederalGrants.com