The HWWS Grant Program has been established to help individuals with low to moderate incomes finance the costs of household water wells that they own or will own.
The HWWS Grant Program is authorized under Section 306E of the Consolidated Farm and Rural Development Act (CONACT), 7 USC 1926e.
The CONACT authorizes the RUS to make grants to qualified private non-profit organizations to establish lending programs for household water wells.
As the grant recipients, private non-profit organizations will receive HWWS grants to establish lending programs that will provide water well loans to individuals.
The individuals, as loan recipients, may use the loans to construct, refurbish, and service their household well systems.
A loan may not exceed $11,000 and will have a term up to 20 years at a one percent annual interest rate