Business Programs  |  Cooperative Development Programs  |  Homeownership Programs  |  Rental Housing Programs  |  Community Facilities Programs  |  Water and Waste Program  |  Telecommunications Program  |  Electric Program  |  Management Initiatives  |  Resource Summaries

Community Facility Direct Loans. The direct loan program is for the purposes of constructing, enlarging, extending, or improving essential community facilities. Eligible applicants must demonstrate that they are unable to obtain capital from commercial sources. Applications for health and public safety projects receive the highest priority. The interest rate on these loans is determined by the median family income of the area to be served and ranges from 4.5 percent to 5.375 percent.

Community Facility Loan Guarantees. The criteria for the loan guarantees are the same as the direct loans. In the case of the guarantee program, the loans are offered by a private lender and the interest rate on the loan is negotiated between the lender and the borrower.

Community Facility Grants. This program was authorized under the Federal Agriculture Improvement and Reform Act of 1996. In most cases, the grant program is used in conjunction with the community facilities direct loan program to make essential community facilities affordable for the most needy communities, which often cannot afford even direct loans without additional subsidies.

Program Activity: Community Facilities	FY 1998 ACTUAL	FY 1999 ACTUAL	FY 2000 ESTIMATE	FY 2001 ESTIMATE
Program Level	$286m	$278m	$409m	$484m

PERFORMANCE GOALS AND INDICATORS	FY 1998 ACTUAL	FY 1999 ACTUAL	FY 2000 TARGET	FY 2001 TARGET
Improve the quality of life for rural residents by providing new or improved essential community facilities.
Number of rural residents with improved standards of living through new or improved essential community facilities (in millions)	8.793	8	11	13
Number of jobs created or retained	9,911	9,600	13,500	15,700
Community Health
Number of new or improved health care facilities	101	123	173	202
Number of new or improved elder care facilities	40	42	59	69
Number of beds available at new or improved elder care facilities	1,608	4,932	6,950	8,092
Number of new or improved health care facilities in medically underserved areas	25	36	51	59
Emergency Services
Number of new or improved fire and rescue facilities	75	72	101	118
Number of new or improved fire and rescue vehicles	171	140	195	228
Education and Child Care
Number of new or improved child care centers	45	69	97	113
Number of children served by new or improved child care centers	4,548	5,628	7,900	9,200
Number of new or improved schools	38	32	44	51
Maximize the leveraging of loan funds to increase the number of rural residents assisted by Rural Development programs.
Number of funding partnerships	310	565	796	927
Number of borrowers assisted through leveraging	241	429	605	704

Top

<< Page 17  |  Page 19 >>