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Business Loans and Grants
The Business Program(BP) works in partnership with the private sector and the
community-based organizations to provide financial assistance and business planning.
BP helps fund projects that create or preserve quality jobs and/or promote a clean rural
environment. The financial resources of BP are often leveraged with those of other public
and private credit source lenders to meet business and credit needs in under-served areas.
Recipients of these programs may include individuals, corporations, partnerships, cooperatives,
public bodies, nonprofit corporations, Indian tribes, and private companies.
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Cooperative Grants and Other Programs
The mission of Cooperative Program (CP) is to promote understanding and use of the cooperative
form of business as a viable organizational option for marketing and distributing agricultural products.
CP serve cooperative members, directors, management, educational institutions, organizations, rural
residents, and all others with an interest in the cooperative form of business. CP strive to assist
them to effectively use cooperatives to improve their economic well-being and quality of life.
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Single Family Housing Loans and Grants
Single Family Housing Programs provide homeownership opportunities to low- and moderate-income rural
Americans through several loan, grant, and loan guarantee programs. The programs also make funding available
to individuals to finance vital improvements necessary to make their homes decent, safe, and sanitary.
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Multi Family Housing Loans and Grants
Multi-Family Housing Programs offer Rural Rental Housing Loans to provide affordable multi-family
rental housing for very low-, low-, and moderate-income families; the elderly; and persons with disabilities.
This is primarily a direct mortgage program, but funds may also be used to buy and improve land and to provide
necessary facilities such as water and waste disposal systems. In addition, deep subsidy rental assistance is
available to eligible families.
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Community Facilities Loans and Grants
Community Programs provide loans and grants and loan guarantees for water and environmental projects, as
well as community facilities projects. Water and environmental projects include water systems, waste systems,
solid waste, and storm drainage facilities. Community facilities projects develop essential community facilities
for public use in rural areas and may include hospitals, fire protection, safety, as well as many other
community-based initiatives.
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Electric Loans and Grants
Providing reliable, affordable electricity is essential to the economic well-being and quality of life
for all of the nation's rural residents. The Electric Programs provide leadership and capital to upgrade,
expand, maintain, and replace America's vast rural electric infrastructure. Under the authority of the
Rural Electrification Act of 1936, the Electric Programs make direct loans and loan guarantees to electric
utilities to serve customers in rural areas.
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Telecommunications Loans and Grants
USDA Rural Development continues to provide many programs for financing rural America's telecommunications
infrastructure. The Traditional Telephone Loan program consists of hardship, cost of money, and guaranteed
loans that finance voice telephone service. The Broadband Access Loan program provides loans for funding the
costs of construction, improvement, and acquisition of facilities to provide broadband service to eligible
rural communities. The Distance Learning and Telemedicine program continues its charge of bringing electronic
educational resources to rural schools and improving health care delivery in rural America. Lastly, the
Community Connect Grant program provides financial assistance to eligible applicants that will provide
currently unserved areas with broadband service that fosters economic growth and public safety services.
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Water Loans and Grants
Water and Environmental Programs (WEP) provides loans, grants and loan guarantees for drinking
water, sanitary sewer, solid waste and storm drainage facilities in rural areas and cities and
towns of 10,000 or less. Public bodies, non-profit organizations and recognized Indian tribes
may qualify for assistance. WEP also makes grants to nonprofit organizations to provide technical
assistance and training to assist rural communities with their water, wastewater, and solid waste
problems.
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Community and Economic Development Programs
The CEDP administers programs and initiative that promote self-sustaining, long-term economic and regional development in rural areas. The programs demonstrate how every rural community can achieve self-sufficiency through innovative
and comprehensive strategic plans developed and implemented at a grassroots level. The programs
stress continued local involvement and decision making which is supported by partnerships among
private, public and nonprofit entities.
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