COMMUNITY FACILITIES DIRECT LOAN AND GRANT PROGRAM

Provide essential community facilities for rural communities.

Accept applications year round.

Public bodies, counties, non-profit organizations, and Native American tribes.

Rural areas, cities, and towns with up to 20,000 population.

Funding Potential for Award–Funding is based on budget. Each state receives allocations. No minimum or maximum

Range of Awards–Amount will be determined during underwriting process

Funding Cycle – Duration–Once project has been obligated, borrower has 5 years to exhaust all funds

Source of Funds–Federal allocation

Deadline–Applications accepted year round

How to Apply–Apply through Rural Development

Selection Criteria & Decision Authority–Up to 100 percent of market value. Up to 40 years or life of security. Grand funds may be available.

Federal programs are funded by congress and administered according to federal regulations

USDA programs are standalone programs; however, encourage leveraging with any other funding source