Opportunity Information: Apply for RDRUS RFP 0310
Apply for RDRUS RFP 0310
- The Utilities Programs in the community development sector is offering a public funding opportunity titled "Revolving Fund Program" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 10.864 Grant Program to Establish a Fund for Financing Water and Wastewater Projects.
- This funding opportunity was created on Apr 1, 2010 and posted on Apr 1, 2010.
- Applicants must submit their applications by May 25, 2010. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The funding agency has allocated a total of $497,000.00 to eligible and selected applicants.
- Each selected applicant is eligible to receive up to $497,000.00 in funding.
- The number of recipients for this funding is limited to 2 candidate(s).
- Eligible applicants include: Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education.
[Watch] Creating a grant proposal using the step-by-step wizard inside the applicant portal:
Opportunity Summary:
The Revolving Fund Program (Funding Opportunity Number RDRUS RFP 0310) is a discretionary federal grant opportunity run through the Utilities Programs that is designed to help communities develop or improve water and wastewater systems by expanding access to early-stage and short-term financing. Rather than funding individual towns or utility systems directly, this program funds qualified private nonprofit organizations so they can create and operate a revolving loan fund. In practical terms, the grant capitalizes a lending pool managed by the nonprofit, and as loans are repaid, the money cycles back into the fund to support additional projects over time.
Eligible applicants are nonprofit organizations with IRS 501(c)(3) status (excluding institutions of higher education). These nonprofits act as the grant recipients and loan administrators. The borrowers that can receive loans from the revolving loan fund must be the same types of entities that are eligible for financing under the Rural Utilities Service Water and Waste Disposal and Wastewater loan and grant programs. The program’s intent is to serve the kinds of rural or otherwise eligible communities and providers that typically rely on USDA Rural Development water and wastewater support, using the revolving fund to cover project costs that often arise before long-term construction financing is in place.
The loans made from the revolving fund are specifically aimed at (1) predevelopment costs for water or wastewater projects and (2) short-term, small capital projects that are not part of routine operations and maintenance of existing systems. Predevelopment costs can include the kinds of early expenses that utilities struggle to pay upfront, such as preliminary engineering, feasibility work, planning, environmental documentation, and other steps needed to reach a fundable and construction-ready project. The short-term small capital component is meant for limited, targeted improvements that fall outside normal O and M budgets, without trying to replace larger, longer-term infrastructure loan programs.
Key loan terms are defined in the opportunity description. Any single eligible entity may receive no more than $100,000 in financing from the revolving loan fund, and repayment must be structured for a term of no more than 10 years. The interest rate is not fixed in the notice; instead, it is determined through the nonprofit’s approved grant work plan, meaning the rate-setting approach is part of what the applicant proposes and what the agency approves during award and oversight.
From a funding standpoint, the opportunity anticipated making 2 awards, with an estimated total of $497,000 available and an award ceiling of $497,000 (with no stated award floor). Cost sharing or matching is required, so applicants must be prepared to contribute non-federal resources consistent with the program rules. The program is tied to CFDA 10.864, listed as the Grant Program to Establish a Fund for Financing Water and Wastewater Projects, reflecting its purpose of establishing a sustainable financing mechanism rather than issuing one-time project grants.
Administrative details in the posting show the opportunity was posted and created on April 1, 2010, with an original and current closing date of May 25, 2010, and an archive date of June 24, 2010. For applicants who needed help accessing the full announcement, the listed contact was Joyce Taylor, Community Programs Specialist, at 202-720-0499.
Revolving Fund Program (RDRUS RFP 0310) FAQs
What is the Revolving Fund Program (Funding Opportunity Number RDRUS RFP 0310)?
The Revolving Fund Program is a discretionary federal grant opportunity run through the Utilities Programs. It is designed to help communities develop or improve water and wastewater systems by expanding access to early-stage and short-term financing.
How does this program work in practice?
Instead of funding individual towns or utility systems directly, the program awards grants to qualified private nonprofit organizations. The grant capitalizes a revolving loan fund (a lending pool) managed by the nonprofit. As borrowers repay loans, the money returns to the fund and can be re-lent to support additional projects over time.
Who can apply for the federal grant under this opportunity?
Eligible applicants are nonprofit organizations with IRS 501(c)(3) status, excluding institutions of higher education. These nonprofits serve as the grant recipients and the administrators of the revolving loan fund.
Are institutions of higher education eligible to apply if they are nonprofits?
No. The opportunity specifies that institutions of higher education are excluded, even though the applicant must otherwise be a 501(c)(3) nonprofit.
Does this program provide money directly to towns, utilities, or communities?
No. The program does not fund individual towns or utility systems directly. It funds eligible nonprofit organizations that then make loans to eligible borrowers through a revolving loan fund.
Who can receive loans from the revolving loan fund?
Borrowers must be the same types of entities that are eligible for financing under the Rural Utilities Service Water and Waste Disposal and Wastewater loan and grant programs. The intent is to serve the rural or otherwise eligible communities and providers that typically rely on USDA Rural Development water and wastewater support.
What types of costs can the revolving loan fund loans cover?
The loans are aimed at two main categories: (1) predevelopment costs for water or wastewater projects, and (2) short-term, small capital projects that are not part of routine operations and maintenance of existing systems.
What are examples of eligible predevelopment costs?
Eligible predevelopment costs can include preliminary engineering, feasibility work, planning, environmental documentation, and other early steps needed to reach a fundable and construction-ready project.
Are routine operations and maintenance (O and M) costs eligible for financing?
No. The short-term small capital project component is intended for targeted improvements that fall outside normal operations and maintenance budgets, not routine O and M of existing systems.
Is this program meant to replace larger, long-term infrastructure loan programs?
No. The short-term small capital component is not intended to replace larger, longer-term infrastructure loan programs. It is designed for limited, targeted improvements and early-stage project needs.
What is the maximum loan amount a single eligible borrower can receive?
Any single eligible entity may receive no more than $100,000 in financing from the revolving loan fund.
What is the maximum repayment term for loans made from the revolving loan fund?
Repayment must be structured for a term of no more than 10 years.
Is the interest rate fixed for loans made under this program?
No. The interest rate is not fixed in the notice. It is determined through the nonprofit's approved grant work plan, meaning the applicant proposes a rate-setting approach and it is subject to agency approval during award and oversight.
How many awards were anticipated, and what was the total funding amount?
The opportunity anticipated making 2 awards, with an estimated total of $497,000 available.
What is the maximum federal award amount (award ceiling) for this opportunity?
The award ceiling was $497,000.
Was there a minimum award amount (award floor)?
No award floor was stated in the opportunity description.
Is cost sharing or matching required?
Yes. Cost sharing or matching is required, so applicants must be prepared to contribute non-federal resources consistent with the program rules.
What is CFDA 10.864 and how does it relate to this opportunity?
The program is tied to CFDA 10.864, listed as the Grant Program to Establish a Fund for Financing Water and Wastewater Projects. This reflects the program purpose of establishing a sustainable financing mechanism (a revolving fund) rather than issuing one-time project grants.
When was the opportunity posted and when did it close?
The posting shows the opportunity was posted and created on April 1, 2010. The original and current closing date was May 25, 2010.
When was the opportunity archived?
The archive date listed in the posting was June 24, 2010.
Who was listed as a contact for help accessing the full announcement?
The listed contact was Joyce Taylor, Community Programs Specialist, at 202-720-0499.
Browse more opportunities from the same category: Community Development
Next opportunity: State Based Oral Disease Prevention Program
Previous opportunity: Training Resource and Data Exchange (TRADE)
USGrants.org Applicant Portal:
Are you interested in learning about about how to apply for this government funding opportunity? You can create a free applicant account and receive instant access to our applicant portal that many business owners like you have benefited from.
Apply for RDRUS RFP 0310
[Watch] how do funding administrators access proposals?
Applicants also applied for:
Applicants who have applied for this opportunity (RDRUS RFP 0310) also looked into and applied for these:
| Funding Opportunity |
|---|
| New Economic Opportunities Initiative Apply for AID RFI 114 10 006 Funding Number: AID RFI 114 10 006 Agency: Georgia USAID Tbilisi Category: Community Development Funding Amount: Case Dependent |
| GROUNDWORK USA PILOT FUNDING CALL FOR LETTERS OF INTEREST Apply for NPS 10WASO 00001 Funding Number: NPS 10WASO 00001 Agency: National Park Service Category: Community Development Funding Amount: Case Dependent |
| Community Infrastructure Development Program Apply for RFA294 2010 113 Funding Number: RFA294 2010 113 Agency: West Bank, Gaza USAID West Bank Category: Community Development Funding Amount: $100,000,000 |
| Rivers of Steel National Heritage Area Apply for NPS 10 NER 0004 Funding Number: NPS 10 NER 0004 Agency: National Park Service Category: Community Development Funding Amount: $708,000 |
| Rural Youth Development Grants Program Apply for USDA NIFA F4HN 003136 Funding Number: USDA NIFA F4HN 003136 Agency: National Institute of Food and Agriculture Category: Community Development Funding Amount: $685,000 |
| Hudson River Valley National Heritage Area Apply for NPS 10 NERO 0005 Funding Number: NPS 10 NERO 0005 Agency: National Park Service Category: Community Development Funding Amount: $524,000 |
| Volunteer Income Tax Assistance Apply for NCUA6052 Funding Number: NCUA6052 Agency: National Credit Union Administration Category: Community Development Funding Amount: $6,500 |
| Urgent Needs Grants Apply for NCUA6051 Funding Number: NCUA6051 Agency: National Credit Union Administration Category: Community Development Funding Amount: $3,000 |
| Student Internship and Job Creation Apply for NCUA6053 Funding Number: NCUA6053 Agency: National Credit Union Administration Category: Community Development Funding Amount: $5,000 |
| Staff, Official and Board Member Training Apply for NCUA6054 Funding Number: NCUA6054 Agency: National Credit Union Administration Category: Community Development Funding Amount: $3,000 |
| Community Based Integrated Health Program Apply for USAID MADAGASCAR 687 10 002 RFA Funding Number: USAID MADAGASCAR 687 10 002 RFA Agency: Madagascar USAID Antananarivo Category: Community Development Funding Amount: $35,000,000 |
| FY 2010 Citizen Corps Program National Volunteer Fire Council Apply for DHS 10 NPD 053 000 02 Funding Number: DHS 10 NPD 053 000 02 Agency: Department of Homeland Security FEMA Category: Community Development Funding Amount: Case Dependent |
| Partnerships and Outreach Apply for NCUA6055 Funding Number: NCUA6055 Agency: National Credit Union Administration Category: Community Development Funding Amount: $15,000 |
| Building Internal Capacity/Building Technology Apply for NCUA6056 Funding Number: NCUA6056 Agency: National Credit Union Administration Category: Community Development Funding Amount: $5,000 |
| Financial Education Apply for NCUA6060 Funding Number: NCUA6060 Agency: National Credit Union Administration Category: Community Development Funding Amount: $15,000 |
| Trail Management Plan Implemenation Apply for L10AS00095 Funding Number: L10AS00095 Agency: Bureau of Land Management Category: Community Development Funding Amount: $477,000 |
| Financial Education and Counseling Pilot Program 2010 Apply for CDFI 2010 FEC Funding Number: CDFI 2010 FEC Agency: Community Development Financial Institutions Category: Community Development Funding Amount: $3,150,000 |
| Cemetery Apply for VA GRANTS 06302011 001 Funding Number: VA GRANTS 06302011 001 Agency: VA National Cemetery Administration Category: Community Development Funding Amount: $46,000,000 |
| Promoting Youth Civic Engagement (PYCE) Apply for 279 10 031 Funding Number: 279 10 031 Agency: Egypt USAID Cairo Category: Community Development Funding Amount: Case Dependent |
| Rosie the Riveter Youth Partnership Program Apply for NPS NOIRORI100021 Funding Number: NPS NOIRORI100021 Agency: National Park Service Category: Community Development Funding Amount: $30,000 |
Grant application guides and resources
It is always free to apply for government grants. However the process may be very complex depending on the funding opportunity you are applying for. Let us help you!
Apply for Grants
Premium leads for funding administrators, grant writers, and loan issuers
Thousands of people visit our website for their funding needs every day. When a user creates a grant proposal and files for submission, we pass the information on to funding administrators, grant writers, and government loan issuers.
If you manage government grant programs, provide grant writing services, or issue personal or government loans, we can help you reach your audience.
Subscribe to Leads
Request more information:
Would you like to learn more about this funding opportunity, similar opportunities to "RDRUS RFP 0310", eligibility, application service, and/or application tips? Submit an inquiry below:
Don't forget to subscribe to our grant alerts mailing list to receive weekly alerts on new and updated grant funding opportunities like this one in your email.