| Program Name: | Community facilities re-lending program |
| 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://go.usa.gov/xzDfD |
| Briefly Describe the Purpose of the Program | |
| Loans to lenders who then re-lend to applicants to fund essential community facilities in high- or persistent-poverty rural areas. Funds can be used to buy, build, or improve facilities such as hospitals, clinics, nursing homes, town halls, courthouses, child care centers, fire departments, museums, and libraries. | |
| Year Program Established: |
| Eligibility Requirements or Restrictions |
| Open to: Government organizations, community-based nonprofits, and federally recognized Tribes. Lenders can be located anywhere in the U.S. Community facility must be in a rural area with a population of 20,000 or fewer.
Terms and Conditions: Fixed interest rates and terms up to 40 years. Terms of the loan from the re-lender to the applicant are negotiated between those parties |
| Application Deadline: Closed |
| Application Guidelines: |
| Funding Cap Per Application or Fiscal Year Program Funding: |
| How Must Funds Be Used: |
| Funds can be used to buy, build, or improve facilities |