Opportunity Information: Apply for RDRUS 16 RFP
Apply for RDRUS 16 RFP
- The USDA-RUS in the agriculture, community development, environment, health 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.
- This funding opportunity was created on Apr 06, 2016 and posted on Apr 06, 2016.
- Applicants must submit their applications by May 31, 2016. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $1,000,000.00 in funding.
- The number of recipients for this funding is limited to 3 candidate(s).
- Eligible applicants include: Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education.
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Opportunity Summary:
The Revolving Fund Program (RFP) is a USDA Rural Utilities Service (USDA-RUS) discretionary grant opportunity designed to help communities improve or develop water and wastewater systems by addressing early-stage and small-scale financing gaps. Instead of funding construction projects directly, the program awards grants to qualified private, nonprofit organizations so they can create and operate a local revolving loan fund. That revolving structure means the nonprofit lends money out to eligible communities or entities, repayments come back into the fund, and the money can then be re-lent to support additional projects over time.
Only certain applicants can apply for the grant itself. Eligible applicants are nonprofit organizations with IRS 501(c)(3) status (excluding institutions of higher education). Selected nonprofits receive grant funding and are responsible for establishing a lending program that follows an approved work plan. Through that program, the nonprofit provides loans to entities that would otherwise be eligible under USDA-RUS Water and Waste Disposal loan and grant programs authorized by 7 U.S.C. 1926(a)(1) and (2). In practical terms, the ultimate borrowers are the same general types of rural or community-based organizations that qualify for RUS water and waste disposal assistance.
The loans made from the revolving fund are specifically meant to cover predevelopment costs for water or wastewater projects (for example, planning, engineering, feasibility work, and other up-front steps needed to get a project ready) or to fund short-term, small capital projects that are not part of routine operations and maintenance of existing systems. The program sets clear lending limits: any single loan to an eligible entity cannot exceed $100,000, the repayment term cannot be longer than 10 years, and the interest rate is not fixed in the notice but is established through the nonprofit's approved grant work plan.
For this particular funding notice (Opportunity Number RDRUS 16 RFP; CFDA 10.864), the award ceiling is $1,000,000, with an expectation of about three awards. The opportunity was posted on April 6, 2016, and the closing date for applications was May 31, 2016. Overall, the program is built to strengthen small community water and wastewater project pipelines by making modest, short-to-mid-term financing available at the stage when projects often struggle to secure funding.
Revolving Fund Program (RFP) - FAQs
What is the Revolving Fund Program (RFP)?
The Revolving Fund Program (RFP) is a USDA Rural Utilities Service (USDA-RUS) discretionary grant opportunity intended to help communities improve or develop water and wastewater systems by addressing early-stage and small-scale financing gaps. It does this indirectly by funding qualifying nonprofits to create and run local revolving loan funds.
What does "revolving fund" mean in this program?
A revolving fund is a loan fund that reuses money over time. A nonprofit makes loans to eligible entities; as those loans are repaid, the repayments return to the fund and can be lent out again to support additional projects.
Does the RFP pay for construction of water and wastewater projects?
No. The program does not directly fund construction projects. Instead, it provides grant funds to qualified nonprofits so they can make loans that cover eligible predevelopment costs or certain small, short-term capital needs.
Who can apply for the grant (the RFP award) itself?
Eligible applicants are nonprofit organizations with IRS 501(c)(3) status. Institutions of higher education are excluded from eligibility.
Who receives loans from the revolving loan fund?
The nonprofit uses the revolving fund to make loans to entities that would otherwise be eligible under USDA-RUS Water and Waste Disposal loan and grant programs authorized by 7 U.S.C. 1926(a)(1) and (2). In practical terms, the ultimate borrowers are the general types of rural or community-based organizations that qualify for RUS water and waste disposal assistance.
What types of costs can loans from the revolving fund cover?
Loans are intended to cover:
- Predevelopment costs for water or wastewater projects (such as planning, engineering, feasibility work, and other up-front steps needed to get a project ready), and/or
- Short-term, small capital projects that are not part of routine operations and maintenance of existing systems.
What costs are specifically not the focus of these loans?
The loans are not intended for routine operations and maintenance (O&M) of existing systems. The stated focus is on predevelopment and short-term, small capital needs outside routine O&M.
What is the maximum loan amount that can be made to any single eligible entity?
Any single loan to an eligible entity cannot exceed $100,000.
What is the maximum repayment term for loans made from the revolving fund?
The repayment term for a loan made from the revolving fund cannot be longer than 10 years.
Is the interest rate for revolving fund loans set by USDA in the notice?
No. The interest rate is not fixed in the notice. It is established through the nonprofit's approved grant work plan.
What is the role of the nonprofit after receiving an RFP grant?
Selected nonprofits receive grant funding and are responsible for establishing and operating a lending program that follows an approved work plan. The nonprofit then makes and services loans in accordance with that plan and the program limits.
What is the Opportunity Number and CFDA number for this funding notice?
This notice is identified as Opportunity Number RDRUS 16 RFP, with CFDA 10.864.
What is the maximum (ceiling) award amount under this notice?
The award ceiling under this notice is $1,000,000.
How many awards were expected under this notice?
The notice indicated an expectation of about three awards.
When was this opportunity posted and when did it close?
The opportunity was posted on April 6, 2016, and the closing date for applications was May 31, 2016.
What overall need is the RFP designed to address?
The program is intended to strengthen small community water and wastewater project pipelines by making modest, short-to-mid-term financing available at the stage when projects often struggle to secure funding, particularly for early-stage and small-scale needs.
What laws or authorities are referenced for ultimate borrower eligibility?
The ultimate borrower eligibility is tied to USDA-RUS Water and Waste Disposal loan and grant programs authorized by 7 U.S.C. 1926(a)(1) and (2).
If a community or utility wants help, should it apply directly for the RFP grant?
No. The grant is awarded to eligible 501(c)(3) nonprofits (excluding institutions of higher education). Communities or other eligible entities would typically be the borrowers from the nonprofit-run revolving loan fund, assuming they meet the eligibility standard described in the notice.
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Previous opportunity: Notice of Intent to award to SCA under Master CA: P15AC00031
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Applicants also applied for:
Applicants who have applied for this opportunity (RDRUS 16 RFP) also looked into and applied for these:
| Funding Opportunity |
|---|
| Revolving Fund Program Apply for RDRUS 17 RFP Funding Number: RDRUS 17 RFP Agency: Department of Agriculture, Utilities Programs Category: Agriculture, Community Development, Environment, Health Funding Amount: $1,000,000 |
| Household Water Well Grant Program Apply for RDRUS 17 01 HWWS Funding Number: RDRUS 17 01 HWWS Agency: Department of Agriculture, Utilities Programs Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Household Water Well Program Apply for RDRUS 18 01 HWWS Funding Number: RDRUS 18 01 HWWS Agency: Department of Agriculture, Utilities Programs Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Revolving Fund Program Apply for RDRUS 18 RFP Funding Number: RDRUS 18 RFP Agency: Department of Agriculture, Utilities Programs Category: Agriculture, Community Development, Environment, Health Funding Amount: $1,000,000 |
| Household Water Well Program Apply for RDRUS 19 01 HWWS Funding Number: RDRUS 19 01 HWWS Agency: Department of Agriculture, Utilities Programs Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Revolving Fund Program Apply for RDRUS 19 RFP Funding Number: RDRUS 19 RFP Agency: Department of Agriculture, Utilities Programs Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Household Water Well Program Apply for RDRUS 20 01 HWWS Funding Number: RDRUS 20 01 HWWS Agency: Department of Agriculture, Utilities Programs Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Revolving Fund Program Apply for RDRUS 20 RFP Funding Number: RDRUS 20 RFP Agency: Department of Agriculture, Utilities Programs Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Revolving Fund Program Apply for RDRUS 21 RFP Funding Number: RDRUS 21 RFP Agency: Department of Agriculture, Utilities Programs Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Rural Decentralized Water System Grant Program Apply for RDRUS 21 01 DWS Funding Number: RDRUS 21 01 DWS Agency: Department of Agriculture, Utilities Programs Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Revolving Fund Program Apply for RDRUS 22 RFP Funding Number: RDRUS 22 RFP Agency: Department of Agriculture, Rural Utilities Service Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Rural Decentralized Water System Grant Program Apply for RDRUS 22 01 DWS Funding Number: RDRUS 22 01 DWS Agency: Department of Agriculture, Rural Utilities Service Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Rural Decentralized Water System Grant Program Apply for RDRUS 23 DWS Funding Number: RDRUS 23 DWS Agency: Department of Agriculture, Rural Utilities Service Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Revolving Fund Program Apply for RDRUS 23 RFP Funding Number: RDRUS 23 RFP Agency: Department of Agriculture, Rural Utilities Service Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Revolving Fund Program Apply for RDRUS 24 RFP Funding Number: RDRUS 24 RFP Agency: Rural Utilities Service Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Rural Decentralized Water System Grant Program Apply for RDRUS 24 DWS Funding Number: RDRUS 24 DWS Agency: Rural Utilities Service Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Rural Decentralized Water System Grant Program Apply for RDRUS 25 DWS Funding Number: RDRUS 25 DWS Agency: Rural Utilities Service Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Revolving Fund Program Apply for RDRUS 25 RFP Funding Number: RDRUS 25 RFP Agency: Rural Utilities Service Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Revolving Fund Program Apply for RDRUS 26 RFP Funding Number: RDRUS 26 RFP Agency: Rural Utilities Service Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
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