Revolving Fund Program
Posted by Rural Utilities Service
Opportunity snapshot. This Grants.gov announcement — Revolving Fund Program — is cataloged under number RDRUS-16-RFP and tied to CFDA assistance listing 10.864, posted by Rural Utilities Service. Grants.gov currently shows the opportunity as closed, first posted on April 6, 2016. The funding category is Discretionary, delivered as a grant.
Award economics. The award range on file is Up to $1,000,000. The agency has projected $1.0 million in total estimated funding for this announcement. It expects to issue 3 awards. If the agency funds the expected 3 awards from the $1.0 million estimated pool, the average award works out to roughly $333,000. Cost sharing or matching funds are required, meaning applicants must contribute a portion of the project budget from non-federal sources — factor this into your financial plan before drafting the proposal. Federal award ranges are often upper bounds; actual allocations reflect program appropriations, the strength of the applicant pool, and the evaluation committee's scoring.
Deadline and action path. This opportunity closed on May 31, 2016. Future funding cycles may be published under the same CFDA number, so monitoring the parent program page is the most reliable way to catch re-announcements. Every Grants.gov submission requires an active SAM.gov registration and a Unique Entity ID. Review the Eligibility section below carefully — federal eligibility categories (nonprofit, state or local government, tribal, individual, educational institution, small business) have distinct registration and reporting requirements. Pre-application outreach to the listed agency contact is permitted and often welcomed — it helps clarify scope and scoring priorities.
Award Range
Up to $1,000,000
Close Date
May 31, 2016
Posted
April 6, 2016
Est. Total Funding
$1,000,000
Expected Awards
3
Instrument
Grant
Cost Sharing
Required
Description
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.
Eligibility
12
Official Listing on Grants.gov
View full details, application forms, and submission instructions.
Parent Grant Program
Broadband Grants and Loans
U.S. Department of Agriculture
Agency Contact
Derek Jones <br/>Community Program Specialist <br/>Phone 202-720-9640
Key Dates
Frequently Asked Questions
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Disclaimer: This information is sourced from Grants.gov and SAM.gov and is for informational purposes only. Opportunity details, deadlines, and eligibility requirements change frequently. Always verify current information directly on Grants.gov before applying. PlainGrants is not affiliated with any federal agency.
Read our methodology — how this data is sourced, computed, and verified.
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| Publisher | Kiznis Studio |
| Sources | Public official public datasets |