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Community Facility Loans

Sponsor
Rural Community Assistance Corporation
Deadlines
Applications accepted on an ongoing basis
Contact
Purpose

RCAC’s Community Facilities Loan Program offers loans to develop and improve essential community facilities in the rural West. This program offers short-term loans to meet early acquisition and pre-development needs, interim construction costs, and long-term permanent financing.

Applicable facilities include public and nonprofit office buildings, treatment centers, emergency and transitional housing, assisted living, human services, public safety, child care, education, and cultural facilities. Many other types of projects are eligible.

Community facility projects that include green building methods and materials may qualify for priority in loan application processing.

Eligibility

Projects must be located in rural areas with populations of 50,000 or less in Alaska, Arizona, California, Colorado, Hawaii and other pacific islands, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming. In instances where the U.S. Department of Agriculture (USDA) Community Facility loan program is used as the take-out source for an RCAC short-term loan or as a guarantor for an RCAC long-term loan, the rural area population limit is 20,000.

Applications will be accepted from:

  • Nonprofit organizations
  • Public agencies
  • Tribal governments
Geographic coverage
Available in 13 western states and the Pacific Islands. See program website for details.
Amount of funding

Loan amounts vary up to $6,000,000 based on loan product, project type, and terms.

Application process

Links to guidelines and required forms are available on the program website.

Tagged as
Capital funding · Child care · Community and economic development · Housing and homelessness · Human services · Schools · Substance abuse · Alaska · Arizona · California · Colorado · Hawaii · Idaho · Montana · Nevada · New Mexico · Oregon · Pacific Territories, Commonwealth, and Freely Associated States · Utah · Washington · Wyoming



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.