USDA Programs

Community Facilities and Rural Utilities Programs

The US Department of Agriculture offers several programs that can be useful for economic development projects, two of which in particular are the Community Facilities and Rural Utilities Programs:

Community Facilities

The Community Facilities Program offers direct loans, loan guarantees and grants to develop or improve essential public services and facilities in communities across rural America. These amenities help increase the competitiveness of rural communities in attracting and retaining businesses that provide employment and services for their residents.

Public bodies, non-profit organizations and federally recognized American Indian Tribes can use the funds to construct, expand or improve facilities that provide health care, education, public safety, and public services.

Projects include fire and rescue stations, village and town halls, health care clinics, hospitals, adult and child care centers, assisted living facilities, rehabilitation centers, public buildings, schools, libraries, and many other community-based initiatives. Financing may also cover the costs for land acquisition, professional fees, and purchase of equipment. These facilities not only improve the basic quality of life, but also assist in the development and sustainability of rural America.

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Additional Information

We are here to help you with any questions you might have. Feel free to submit a Free Project Analyis Request for more detailed information regarding your specific scenario.

What do Rural Development Community Facilities Programs Include?
  • Rural Development Community Facilities Programs include:

    • Community Facilities Direct Loans & Grants
    • Community Facilities Loan Guarantees
    • Community Facilities Re-lending Program
    • Community Facilities Technical Assistance and Training Grant
    • Economic Impact Initiative Grants
    • Rural Community Development Initiative Grants
    • Tribal College Initiative Grants
What is a Rural Utilities Service?

USDA’s Rural Utilities Service (RUS) administers programs that provide much-needed infrastructure or infrastructure improvements to rural communities. These include water and waste treatment, electric power and telecommunications services. All of these services play a critical role in helping to expand economic opportunities and improve the quality of life for rural residents. Grants, loan guarantees and direct loans are available. Contact CBO today to see what programs may apply to your project.

Our Financing Programs
EPA Programs
USDA Programs
Other Funding Programs

CBO Financial focuses on economic, environmental, and societal benefits to empower businesses, nonprofits, and municipal agencies to create jobs, improve infrastructure, and enhance the quality of life in underserved areas. By combining public and private funding sources, CBO Financial ensures that projects in low-income communities can progress efficiently and cost-effectively, driving meaningful revitalization.We’ve financed over $1 billion in high-impact investments nationwide, including $150 million using New Markets Tax Credits awarded to a CBO subsidiary. Backed by powerful funding tools and expertise, you’ll be pushed through to the finish line.

New Markets Tax Credit Programs

A federal subsidy program designed to revitalize distressed communities by providing forgivable gap financing for up to 25% of costs for high-impact projects.

New Markets Tax Credits
 

Capital Magnet Fund

Grants up to $15M to CDFIs and nonprofit housing organizations to finance affordable housing and related economic development activities.

Capital Magnet Fund
 

Bond Guarantee Program

A program that provides CDFIs with access to long-term, low-cost capital by guaranteeing bonds issued by qualified CDFIs, providing fixed rate financing for up to 29 years at ~100 bps over Treasuries.

Bond Guarantee Program
 

CDFI Certification

A designation for specialized financial institutions that provide financial products and services in low-income communities and to targeted populations that lack access to financing.

CDFI Certification
 

Technical Assistance Awards

Grants up to $125K to startup and existing CDFIs to build capacity to serve low-income communities by funding activities such as staff training, technology purchases, and consulting services.

Technical Assistance Awards
 

Financial Assistance Awards

Matching grants up to $2M awarded to CDFIs to enhance their ability to provide loans, investments, and financial services to underserved populations.

Financial Assistance Awards
 

Small Dollar Loan Program

Up to $500K to provide a loan loss reserve to support making affordable consumer loans to low-income individuals for up to $2,500, helping them avoid predatory lending practices.

Small Dollar Loan Program
 

National Community Investment Fund

Loans and guarantees will be made directly to projects with this funding starting in early 2025.

National Community Investment Fund

 

Clean Communities Investment Accelerator

Provides community lenders with grants up to $11M to help accelerate investment in clean energy and sustainable infrastructure projects in low-income communities.

Clean Communities Investment Accelerator

 

Business & Industry

A program that provides loan guarantees up to $25M to rural businesses to improve, develop, or finance business, industry, and employment.

Business & Industry

 

Community Facilities

A program that offers direct loans, loan guarantees, and grants to develop essential community facilities in rural areas up to $5M.

Community Facilities

 

Rural Energy for America Program

A program that provides grants up to $1M and loan guarantees to agricultural producers and rural small businesses for renewable energy systems and energy efficiency improvements.

Rural Energy for America Program

 

Federal Historic Tax Credits

The federal Historic Tax Credit is available for the rehabilitation of historic, income-producing buildings determined by the Secretary of the Interior, through the National Park Service, to be “certified historic structures” for approximately 20% of project costs.

Federal Historic Tax Credits

 

Tax Exempt Bond Funding

Tax Exempt Bond Funding provides low-cost financing for qualified projects by enabling borrowers to access capital at tax-exempt interest rates. This program supports infrastructure, housing, and other eligible projects, fostering economic growth and community development.

Tax Exempt Bond Funding