Program Name: Community Facilities Guaranteed Loans
Organization: United States Department of Agriculture – Rural Development
Address: 2118 W. Part Court, Suite A, Champaign, IL 61821
Phone: 217-403-6200
Fax:
TDD:
Email:
Website: https://www.rd.usda.gov/programs-services/community-facilities/community-facilities-guaranteed-loan-program
Application Deadline: Rolling Bases
Program Start Date:
Program End Date:
Application Guidelines:
Applications are accepted from lenders through USDA local offices year-round.

Interested borrowers should inquire about the program with their lender.

Lenders interested in participating in this program should contact the USDA Rural Development Community Programs Director in the state where the project is located.

Briefly Describe the Purpose of the Program
This program provides loan guarantees to eligible lenders to develop essential community facilities in rural areas. An essential community facility is defined as a public improvement, operated on a non-profit basis, needed for the orderly development of a rural community where the rural community is a city or town, or its equivalent county or multi-county area.  The term “facility” refers to both the physical structure financed, and the resulting service provided to rural residents or rural businesses.
Type of Program – Select up to Two
Agricultural Programs X Community and Economic Development Programs
Education Programs Energy Programs
Financing Programs Healthcare/Aging Programs
Housing Programs Infrastructure/Transportation Programs
Workforce Programs Other
Constituency Served by the Program:
Businesses Municipalities
Community Organizations Counties
Townships Other Groups
Type(s) of Assistance that the Program Offer(s):
Technical Assistance X Grants
Loans Referrals
Other Assistance
Year Program Established:
Eligibility Requirements or Restrictions
Who can apply: Federal and State-chartered banks, Farm credit banks with direct lending authority, Bank for Cooperatives, Savings and Loan associations, Savings bank, Mortgage companies that are part of bank-holding company, The National Rural Utilities Cooperative Finance Cooperation, Credit unions, State bond banks pr State bond pools.

Who may qualify: Public bodies, Indian tribes on Federal and State reservations, Federally recognized tribes, Non-profit organizations

Eligible Areas: Rural areas with populations of 50,000 residents or less

Funding Cap Per Application or Fiscal Year Program Funding:
How Must Funds Be Used:
Health care facilities and services, including but not limited to hospitals. Fire, rescue, and public safety facilities and services. Community, public, social, educational, or cultural facilities or services. Transportation facilities such as streets, bridges, roads, ports, and airports. Certain utility projects when not eligible for Rural Utilities Service financing, gas distribution systems, recycling and transfer centers or stations. Telecommunications end-user equipment when related to public safety, medical, or educational telecommunication links when not eligible for Rural Utilities Service financing. Water infrastructure facilities such as levees, dams, reservoirs, inland waterways, canals, and irrigation systems. Purchase and installation of renewable energy systems for use by an essential community facility (conditions apply). Land acquisition and necessary site preparation including access ways and utility extensions to and throughout an industrial park site. Community parks, community activity centers, and similar types of facilities.