Community Facilities
The Rural Housing Community Facilities Program offers
direct and guaranteed loans and grants designed to finance and facilitate the development
of over 80 different types of essential community facilities serving rural areas. These
facilities include, but are not limited to, hospitals, elderly care facilities, child care
centers, fire and rescue stations, vocational and medical rehabilitation centers, schools,
and public transportation infrastructure.
Special emphasis is given to projects serving Native
American communities, Empowerment Zones, Enterprise and Champion Communities, and Pacific
Northwest Initiative Communities.
The Housing and Community Facilities Programs
has assisted in the completion of thousands of successful Community Facility projects.
Community Facilities Direct Loan
Program
The Housing and Community Facilities Programs makes
direct loans to nonprofit and public entities for the construction of essential
facilities. Most loans are made at below-market interest rates and are aimed at serving
financially challenged rural areas. Allowed expenses include purchase of land needed for
construction of the facility, necessary professional fees, and equipment and operating
costs.
For more information about
this program, click here.
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Community Facilities Guaranteed Loan
Program
Through this program, the Housing and Community Facilities Programs guarantees up to 90% of the amount of a loan from a private lender to a
public or nonprofit entity to be used for the construction of an essential community
facility. Many community borrowers in the Community Facilities Guaranteed Loan Program are
able to leverage loan guarantees with funds from private, state and local sources.
For more information about
this program, click here.
Community Facilities Grant Program
The Community Facilities Grant
Program is typically used to fund projects under special initiatives, such as Native
American community development efforts; child care centers linked with the Federal
government's Welfare-to-Work initiative; Federally-designated Enterprise and Champion
Communities, and the Northwest Economic Adjustment Initiative area.
In most cases, grantees are able to
leverage Community Facility funds with private and state dollars to enable completion of
more construction than might have otherwise been possible.
For more information about this
program, click here. Top of Page
To determine eligibility or to apply
for any of the programs listed above, please contact your Rural
Development State Office. |
