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

credit: Flickr/Dave Morris

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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 $100,00 0. 00 and shall be repaid in a term not to exceed 10 years.

The rate shall be determined in the approved grant work plan.