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