The Purpose Of The Community Facilities Direct Loan Program Is...To construct, enlarge, extend or otherwise improve community facilities that provide essential services in rural areas. Community service facilities include: fire and rescue buildings and/or equipment, streets, utilities, community buildings, libraries, senior citizen centers, day care centers, airports, industrial parks, hospitals, clinics, nursing homes, assisted living facilities, etc.
 

Eligible Applicants Include...Public entities such as municipalities, counties, special-purpose districts, Indian tribes, and nonprofit organizations.
 

Terms And Conditions...

Term of loan is 40 years or for useful life of     security.

Interest rates comparable to current municipal     bond rates and based on median household     income of service area.

Maximum loan amount is 100 percent of market      value.

Test of credit required.

Eligible areas include unincorporated rural areas,      cities and towns with population of 20,000 or     less.

 

View...The detailed Community Facilities Direct Loan Fact Sheet and the Examples of Essential Community Facilities Fact Sheet.

Locate And Contact...Your nearest USDA Rural Development Office.