USDA Rural Development Programs

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Presentation transcript:

USDA Rural Development Programs

www.rurdev.usda.gov/pa Rural Development is committed to helping improve the economy and quality of life in rural America.

USDA Rural Development Program Areas Community Facilities Water & Waste Disposal Housing Business & Industry

Community Facilities (CF) Program

CF Program Eligibility Eligible applicants include all levels of municipal government, charitable non-profits, schools and libraries. Boroughs, Townships and Municipalities with population of 20,000 or less Essential Service To The Local Community Needed For The Orderly Development Of A Community May NOT Include Private, Commercial, or Business Projects Must Have Significant Community Support Environmental Review Must be Completed/Acceptable

CF Funding Types Direct Loans Guaranteed Loans Grants All funds are competed for – projects given priority points based on population and Median Household Income (MHI)

Direct Loans Loans Made to Borrowers Directly from USDA Applicant Unable To Obtain Credit Elsewhere at Reasonable Rates & Terms Fixed Interest Rate For Life Of Loan - Currently 4.25% (subject to change) Up to 40 Year Term Or Useful Life of Facility Security: Real Estate, Machinery & Equipment, General Obligation Bonds, UCC-1 Financing Statements

Grants Based on MHI and population Maximum grant typically $50,000 Used to Cover a Portion Of Project Cost Funds very limited Assistance targeted to smaller communities with very low MHI’s

Project Examples Fire Halls and Trucks Police Stations and Cruisers Ambulances Theaters and Museums Streets and Sidewalks Bridges Nursing Homes Hospitals and Medical Centers Assisted Living Centers Animal Shelters Food Banks Libraries Universities Public and Charter Schools Day Care Centers Courthouses Municipal Buildings Community Centers Airports Homeless Shelters

A.F. Dobler Hose & Ladder - Girard, PA www.rurdev.usda.gov/pa Firehouses A.F. Dobler Hose & Ladder - Girard, PA

Jonestown Borough Municipal Building www.rurdev.usda.gov/pa Municipal Buildings Jonestown Borough Municipal Building

Endless Mountains Health Systems – Montrose, PA www.rurdev.usda.gov/pa Hospitals Endless Mountains Health Systems – Montrose, PA

www.rurdev.usda.gov/pa Therapy Center Leg Up Farm – Mt. Wolf, PA

Honesdale Borough Police www.rurdev.usda.gov/pa Vehicles Honesdale Borough Police

Keystone Fire Company – McAdoo, PA www.rurdev.usda.gov/pa Vehicles Keystone Fire Company – McAdoo, PA

Trehab Center – Montrose, PA www.rurdev.usda.gov/pa Food Banks Trehab Center – Montrose, PA

www.rurdev.usda.gov/pa Libraries Milton Public Library

Mars Holdings Alzheimers Center www.rurdev.usda.gov/pa Nursing Homes Mars Holdings Alzheimers Center

Private Industry Council Head Start of Westmoreland/Fayette www.rurdev.usda.gov/pa Day Cares Private Industry Council Head Start of Westmoreland/Fayette

Bear Creek Community Charter School www.rurdev.usda.gov/pa Schools Bear Creek Community Charter School

Pennsylvania USDA RD Website: http://www.rd.usda.gov/pa National USDA RD Website: http://www.rd.usda.gov/

Thank you for your attention!