Community Facilities Direct Loan & Grant Program
https://www.rd.usda.gov/programs-services/community-facilities/community-facilities-direct-loan-grant-program
Funding:
First-come, first-serve program. Amounts vary by need. Funds for projects under $200,000 million take priority and makes 100% of funds available after their approval. Projects over $200,000 are only given a half or a quarter of the funds until further notice.
Dates:
Open to new applications.
Summary:
The Community Facilities Direct Loan and Grant Program provides affordable funding to develop essential community facilities in rural areas. An essential community facility is defined as a facility that provides an essential service to the local community for the orderly development of the community in a primarily rural area, and does not include private, commercial, or business undertakings. Funds can be used to purchase, construct, and / or improve essential community facilities, purchase equipment and pay related project expenses.
Qualified Projects:
Health care facilities such as hospitals, medical clinics, dental clinics, nursing homes or assisted living facilities
Public facilities such as town halls, courthouses, airport hangars or street improvements
Community support services such as childcare centers, community centers, fairgrounds, or transitional housing
Public safety services such as fire departments, police stations, prisons, police vehicles, fire trucks, public works vehicles or equipment
Educational services such as museums, libraries, or private schools
Utility services such as telemedicine or distance learning equipment
Local food systems such as community gardens, food pantries, community kitchens, food banks, food hubs or greenhouses
Requirements:
· Eligible borrowers include public bodies, community-based non-profit corporations, and federally recognized Tribes
· Priority point system based on population, median household income: (1) Small communities with a population of 5,500 or less (2) Low-income communities having a median household income below 80% of the state nonmetropolitan median household income.
· Applicants must have legal authority to borrow money, obtain security, repay loans, construct, operate, and maintain the proposed facilities
· Applicants must be unable to finance the project from their own resources and/or through commercial credit at reasonable rates and terms
· Facilities must serve rural area where they are/will be located
· Project must demonstrate substantial community support
· Environmental review must be completed/acceptable
*To Apply, Select the Respective State for Application:
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