SEC 306E individually-owned water well systems grants

Water Well Trust Inc. received a $2.0 million Project Grant award from the U.S. Department of Agriculture's Rural Utilities Service (RUS) under the Rural Decentralized Water Systems Grant Program (CFDA 10.862), effective August 7, 2025, with a completion date of August 7, 2027. The award supports Water Well Trust Inc.'s operations in Davidson, North Carolina, to establish and maintain a revolving loan fund that finances water infrastructure improvements for low- and moderate-income individuals in rural areas.

Under this award, Water Well Trust Inc. will provide financing for the construction, refurbishment, rehabilitation, and replacement of individually-owned household water well systems and decentralized wastewater systems serving underserved rural communities. The organization will utilize grant funds to originate and service loans to eligible individuals, with individual loan amounts typically not exceeding $15,000 and repayment terms extending up to 20 years at 1 percent annual interest. Grant funds may also support administrative expenses associated with loan servicing and program operations. The award demonstrates RUS's sustained commitment to decentralized water infrastructure development in rural North Carolina and reflects Water Well Trust Inc.'s established track record as a frequently funded recipient under this program.