RD Community Programs

Slide Note
Embed
Share

USDA RD Community Programs provide essential support for developing and improving public services in rural communities with populations under 20,000. Through direct loans, loan guarantees, and grants, organizations such as hospitals, schools, daycare centers, and firehouses receive funding for crucial projects. The programs offer financial assistance at favorable interest rates to enhance community infrastructure, with recent examples including funding for new fire stations, educational equipment, and public safety vehicles. Eligible applicants can also benefit from grants for various projects, such as healthcare equipment, public buildings, and infrastructure improvements.


Uploaded on Mar 07, 2024 | 0 Views


Download Presentation

Please find below an Image/Link to download the presentation.

The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.

E N D

Presentation Transcript


  1. RD Community Programs Justin Garey, Community Facilities Specialist USDA RD State Office, Davis

  2. Community Facilities Hospitals, health clinics Schools Daycares Fire houses, first responder vehicles and equipment Community centers and more.

  3. Community Facilities Programs Overview Direct loans, loan guarantees and grants to develop or improve essential public services and facilities in communities of <20,000 for Direct loans & grants and <50,000 for Guaranteed loans. Eligible Applicants: Public Bodies, Non Profits, Native American Tribes Fiscal Year 23 Total $109 Million 38 projects throughout rural California

  4. Community Facilities Programs Overview Loan Overview CF Direct Loan Rates and Terms Interest rates currently at 3.75% (fixed at the time of loan approval) 38 year term or useful life of project Adequate security / collateral Repayment ability & feasibility Unable to obtain other commercial credit

  5. CF Loan Example: Newcastle Fire Protection District New Station Total Project Cost - $4.75 million USDA CF Loan $3.78 million Applicant $978,000 Funded 2021 Completed 2022

  6. Community Facilities Program Grants Overview Eligible applicants: public bodies/special districts, nonprofit corporations and federally-recognized tribes. Population 20,000 or less Applications accepted all year Grants maximum of $50,000 Ex: Equipment for Healthcare, Police/Fire, Public Buildings, Transportation/Infrastructure

  7. Examples of Community Facilities Projects Funded Recently Kings County Fire Department Jaws of Life Golden Plains Unified School District Distance Learning Equipment Mendota, City of - Two Police Vehicles Heber Elementary Unified School District - School Cafeteria Freezer Cahuilla Indian Reservation - Fire Dept. Equip: Utility Truck & Tanks Butte, County of - Bookmobile & Literacy Coach Long Valley Charter School - Construct new school Clearlake, City of -Animal Control Facility Auburn Interfaith Food Closet, Inc. New Food Bank Huron, City of - Domestic Violence, Homeless Housing

  8. Disaster Repair Grants for Calendar Year 2022 Presidentially Declared Disasters -- CF 75% grants for repairs to essential community facilities damaged by disasters in CY 2022 including: Winter Storms, Flooding Dec 2022 Fires Earthquake No Minimum or Maximum Grant Funds also can be used to replace damaged equipment or vehicles Or to purchase equipment necessary to make repairs to damaged facilities

  9. Disaster Repair Grants for Calendar Year 2022 Presidentially Declared Disasters -WEP

  10. Disaster Repair Grants for Calendar Year 2022 Presidentially Declared Disasters -WEP

  11. USDA Staff Available to Help You Find us online: Community Facilities Direct Loan & Grant Program in California | Rural Development (usda.gov) Or contact me at: Justin Garey, Area Specialist Justin.Garey2@usda.gov 530-792-5834

  12. Assistance under USDA Rural Development programs is available to applicants in areas designated as rural. Under law, the definition of rural area is different for each program. Contact your local USDA Rural Development office for more information. Or go to: www.rd.usda.gov/ca Receive Emails through Gov Delivery: USDA Rural Development (govdelivery.com) USDA is an equal opportunity provider, employer, and lender.

Related


More Related Content