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Southeast Rural Community Development Loan Fund Program

Link
View Program Website
Sponsor
Southeast Rural Community Assistance Project, Inc.
Deadlines
Applications accepted on an ongoing basis
Contact

540.345.1184
Online contact form

Purpose

Southeast Rural Community Assistance Loan Fund Program provides community development loans to local governments, public service authorities, user associations, nonprofit organizations, and other community entities for the development and/or construction of large-scale community projects.

Loans may be used for:

  • Building a new water/wastewater treatment facility
  • Installing water/wastewater laterals for a low-income development or neighborhood
  • Repairing/replacing water storage tanks
  • Other valuable community development projects, including housing and healthcare facilities
Eligibility

Eligible applicants are local governments, public service authorities, user associations, nonprofit organizations, and other community entities in the SERCAP service area.

Geographic coverage
North Carolina, Florida, Georgia, Virginia, Maryland, Delaware, and South Carolina.
Amount of funding

Loan amounts range up to $250,000. Interest rates start at 3% and range up to a maximum of 7% using a sliding scale point system based on need.

Application process

A link to the online application is available on the program website.

SERCAP suggests contacting them to discuss the project prior to submitting an application.

Tagged as
Capital funding · Community and economic development · Healthcare facilities · Housing and homelessness · Infrastructure · Public health · Delaware · Florida · Georgia · Maryland · North Carolina · South Carolina · Virginia

Related Content

Organizations (1)

  • Southeast Rural Community Assistance Project, Inc., view details



For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.