Community Facilities Direct Loan & Grant Program in North Carolina
USDA - Rural Development
Funding Amount
TBD
Matching Funds
Funding Cycle
Rolling Applications
Description
Funds can be used to purchase, construct, and/or improve essential community facilities, purchase equipment and pay related project expenses
An essential community facility is defined as a facility that provides an essential service to the local community for the orderly development of the community in a primarily rural area, and does not include private, commercial or business undertakings
Available funding:
1. Low interest direct loans
2. Grants
3. A combination of the two above, as well as the loan guarantee program
These may be combined with commercial financing to finance one project if all eligibility and feasibility requirements are met
Who Can Apply
Eligible borrowers include:
1. Public bodies
2. Community-based non-profit corporations
3. Federally-recognized Tribes
Eligible Areas:
Rural areas including cities, villages, townships and towns including Federally Recognized Tribal Lands with non more than 20,000 residents according to the latest U.S. Census Data
For additional requirements and information, visit here: https://www.rd.usda.gov/programs-services/community-facilities/community-facilities-direct-loan-grant-program/nc#other-requirements
Additional Eligibility Requirements
Location(s)
National
Additional Information
For additional information or questions, contact Reginald Speight at the North Carolina Rural Development Office:
Email: reginald.speight@usda.gov
Phone number: (919) 873-2000
