Friday , 30 September 2016

USDA- RURAL DEVELOPMENT ACCEPTING APPLICATIONS FOR PROJECT FUNDING

Rural Development has received a portion of funding, loan and grant funding, already for the year and is looking for capital projects for sewer and water utilities.  Projects should be in the planning stages with smaller rural communities as emphasis, but can assist communities up to population of 10,000.  Rural Development works well on larger projects for communities, but can also lump various capital projects together to make a larger project for the same utility.  Our typical full year allocation includes $22 million of low interest loan, as low as 2.375% and $8 million of financial assistance in the form of grant. For information, go to the USDA- Rural Development website at http://www.rurdev.usda.gov/Home.html

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