Revolving Fund Program

The U.S. Department of Agriculture's Rural Utilities Service is offering grants through the Revolving Fund Program to qualified private, non-profit entities to establish revolving loan funds. These funds will provide financing for pre-development costs associated with proposed water and wastewater projects, as well as short-term costs for replacement equipment, service extensions, and other small capital projects. Applicants will be evaluated based on criteria such as expertise, work plan, cost-sharing, and evaluation methods. The application window is open from April 1 to May 6, 2024, and submissions must be made electronically through Grants.gov.

The program has approximately $1,000,000 available in grant funds, with no minimum or maximum award amount specified. The performance period for successful applicants will be October 1, 2024 to September 30, 2025. The program is authorized under the Consolidated Farm and Rural Development Act and funded through annual appropriations.