Opportunity Information: Apply for RDRUS 24 RFP
The Revolving Fund Program (Funding Opportunity Number RDRUS 24 RFP) is a discretionary grant opportunity offered by the USDA Rural Development Rural Utilities Service (RUS) to help strengthen water and wastewater services by funding the creation or capitalization of revolving loan funds. Rather than paying directly for construction, the program supports qualified private, non-profit organizations that can run a revolving fund and then provide financing to eligible communities and system owners. The basic idea is to create a pool of money that can be loaned out, repaid, and then loaned again, so the same federal grant dollars can keep supporting multiple local projects over time.
The revolving funds supported through this program are designed to cover specific, often hard-to-fund costs tied to water and wastewater improvements. A major focus is on pre-development expenses for proposed projects, which can include early-stage costs needed to get a project ready for construction or for other long-term financing. In addition, the program can support certain short-term costs for existing water and wastewater systems, especially when a system needs replacement equipment, small-scale service extensions, or other modest capital improvements. These are meant to be smaller projects that are not part of day-to-day operations and maintenance, helping systems address urgent or practical upgrades without having to wait for a larger capital program.
Applicants are generally expected to be qualified private, non-profit entities that have the capacity to manage a revolving fund and lend responsibly. While the opportunity summary lists eligible applicants broadly as "Others," the detailed eligibility rules and requirements are provided by USDA Rural Development on its program webpage (https://www.rd.usda.gov/programs-services/revolving-funds-for-financing-water-and-wastewater-projects). In practice, this means the direct grant recipient is the organization that will operate the revolving fund, while the ultimate beneficiaries are eligible entities seeking financing for allowable water and wastewater-related costs.
Key administrative details include a closing date of May 6, 2024, and an expected four awards. The notice lists an award ceiling of 0, which typically indicates the ceiling is not specified in the posting or may depend on available appropriations and application strength rather than a fixed maximum amount. The program is associated with CFDA/Assistance Listing 10.864 and falls under activity areas that include agriculture, community development, environment, and health, reflecting the public health and community infrastructure role of safe, reliable water and wastewater systems.Apply for RDRUS 24 RFP
- The Rural Utilities Service in the agriculture, community development, environment, health sector is offering a public funding opportunity titled "Revolving Fund Program" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 10.864.
- This funding opportunity was created on 2024-04-01.
- Applicants must submit their applications by 2024-05-06. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The number of recipients for this funding is limited to 4 candidate(s).
- Eligible applicants include: Others.
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Revolving Fund Program (RDRUS 24 RFP) FAQs
What is the Revolving Fund Program (Funding Opportunity Number RDRUS 24 RFP)?
The Revolving Fund Program is a discretionary grant opportunity offered by USDA Rural Development, Rural Utilities Service (RUS). It supports the creation or capitalization of revolving loan funds focused on strengthening water and wastewater services.
What does "revolving fund" mean in this program?
A revolving fund is a pool of money used to make loans. As loans are repaid, the money goes back into the fund and can be loaned out again. The goal is for the same federal grant dollars to keep supporting multiple local projects over time.
Does this grant pay directly for construction projects?
No. The program is not designed to pay directly for construction. Instead, it provides funding to qualified private, non-profit organizations that operate a revolving fund and then provide financing (loans) to eligible communities and system owners for allowable costs.
Who is the direct recipient of the USDA grant under this program?
The direct recipient is the qualified private, non-profit organization that will create or capitalize and operate the revolving loan fund.
Who ultimately benefits from the program?
The ultimate beneficiaries are eligible entities (such as communities and water/wastewater system owners) that receive financing from the revolving fund for allowable water and wastewater-related costs.
What types of costs are revolving funds meant to cover?
The revolving funds supported through this program are designed to cover specific, often hard-to-fund costs tied to water and wastewater improvements. The information provided highlights two major areas: pre-development expenses for proposed projects, and certain short-term costs for existing systems.
What are "pre-development expenses" in this program?
Pre-development expenses are early-stage costs needed to get a proposed water or wastewater project ready for construction or ready to pursue other long-term financing. The program places major focus on supporting these early-stage project costs.
Can the revolving fund support needs for existing water and wastewater systems?
Yes. The program can support certain short-term costs for existing water and wastewater systems, particularly for replacement equipment, small-scale service extensions, or other modest capital improvements.
Are day-to-day operations and maintenance costs eligible?
The program description emphasizes modest capital improvements that are not part of day-to-day operations and maintenance. In other words, it is aimed at upgrades and project-related costs rather than routine O&M.
What types of projects are intended to be supported (in terms of size or scope)?
The short-term improvements described are meant to be smaller projects, such as replacement equipment, small-scale extensions, or other modest capital improvements. The program also supports early-stage (pre-development) steps for proposed projects.
Who is eligible to apply for this funding opportunity?
Applicants are generally expected to be qualified private, non-profit entities with the capacity to manage a revolving fund and lend responsibly. The opportunity summary lists eligible applicants broadly as "Others," and the detailed eligibility rules are provided by USDA Rural Development on the program webpage.
Where can applicants find the detailed eligibility rules and requirements?
USDA Rural Development provides detailed eligibility rules and requirements on its program webpage: https://www.rd.usda.gov/programs-services/revolving-funds-for-financing-water-and-wastewater-projects
What capacity is expected of an applicant organization?
The applicant is expected to have the capacity to manage a revolving fund and lend responsibly, since the grant supports an organization that will operate the fund and provide financing to eligible borrowers.
What is the application closing date for this opportunity?
The closing date listed for this funding opportunity is May 6, 2024.
How many awards are expected to be made?
The opportunity indicates an expected four awards.
Is there a maximum award amount (award ceiling)?
The notice lists an award ceiling of 0. This typically indicates that a specific maximum award amount is not stated in the posting, or that the maximum may depend on available appropriations and application strength rather than a fixed cap.
What is the CFDA/Assistance Listing number for this program?
The program is associated with CFDA/Assistance Listing 10.864.
What federal agency runs this program?
The program is offered by the USDA Rural Development Rural Utilities Service (RUS).
What broad activity areas does this program fall under?
The program falls under activity areas including agriculture, community development, environment, and health, reflecting the public health and community infrastructure role of safe, reliable water and wastewater systems.
What is the main purpose of funding revolving loan funds instead of direct project payments?
The main purpose is long-term impact. By creating a revolving pool of loan capital, funds can be loaned, repaid, and then loaned again, allowing the same grant dollars to support multiple projects over time.
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Applicants also applied for:
Applicants who have applied for this opportunity (RDRUS 24 RFP) also looked into and applied for these:
| Funding Opportunity |
|---|
| Rural Decentralized Water System Grant Program Apply for RDRUS 24 DWS Funding Number: RDRUS 24 DWS Agency: Rural Utilities Service Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Rural Decentralized Water System Grant Program Apply for RDRUS 25 DWS Funding Number: RDRUS 25 DWS Agency: Rural Utilities Service Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
| Revolving Fund Program Apply for RDRUS 25 RFP Funding Number: RDRUS 25 RFP Agency: Rural Utilities Service Category: Agriculture, Community Development, Environment, Health Funding Amount: Case Dependent |
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