The U.S. Department of Agriculture is accepting FY21 applications for grants to create revolving loan funds to build and improve water and wastewater disposal systems in rural areas. The funds are available through the Water and Wastewater Projects Revolving Funds Program. This program helps qualified nonprofit organizations create loans to finance water and wastewater projects.
The funds may be used for pre-development costs for water and wastewater treatment projects. They may also be used to finance short-term and small capital improvement projects that are not part of regular operation and maintenance costs. Within approved guidelines, program recipients set the loan terms for the individual communities they serve.
In FY 2021, USDA increased the maximum loan amount to $200,000.