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.

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.

Does Your Project Qualify for Low-Cost Financing or New Markets Tax Credits?

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Our Financing Programs

The CBO Financial team specializes in helping project sponsors secure flexible, below-market financing with a focus on high-impact projects in low-income communities. Our financial experts are skilled at combining public and private funding sources so that projects that might have otherwise stalled can move forward quickly and cost-effectively.

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 Credits

A federal subsidy program designed to incentivize development projects that help revitalize distressed communities.
New Markets Tax Credits

Property Assessed Clean Energy Financing

A new instrument for commercial property owners to finance improvements to existing property or close gaps in financing for new construction.
Property Assessed Clean Energy Financing

Federal Historic Tax Credits

The federal Historic Tax Credit (HTC) 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.”
Federal Historic Tax Credits

Community Development Financial Institutions

A federal subsidy program designed to incentivize development projects that help revitalize distressed communities.
Community Development Financial Institutions

US Department of Agriculture

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

Redevelopment Assistance Capital Program

The federal Historic Tax Credit (HTC) 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.”
Redevelopment Assistance Capital Program

Puerto Rico Financing Programs

Puerto Rico offers many opportunities for mainland investors and local business owners.
Puerto Rico Financing Programs

 Opportunity Zones

The Opportunity Zone program was enacted in the Tax Cuts and Jobs Act. Many of the major policy decisions related to Opportunity Zones were ceded to the states.
 Opportunity Zones

You see challenges. We see possibilities.
Your community sees change.

Established in 1999, CBO Financial is a financial consulting firm that specializes in helping businesses secure funding for development projects in the nation’s most distressed communities. Our experts understand how to present economic, environmental, and societal benefits to public and private organizations so your project receives the funding it needs to move forward quickly and reasonably. A CBO Financial subsidiary, Community Development Funding, LLC, has received six awards under the federal New Markets Tax Credit program totaling $150M. In addition the team has taken a leadership role in securing 18 awards for clients totaling over $400M.
Our Services
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The funding is out there

CBO can be your access point for a variety of flexible financing sources including gap financing using New Markets Tax Credits, Historic Tax Credits, Tourism Tax Credits, Property Assessed Financing, Opportunity Zone Funds and others.
Programs
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 a Significant Impact

CBO is on a mission to help elevate the lives of people living in distressed communities by providing flexible, below-market gap financing to high-impact projects that cannot otherwise move forward. Does your project qualify for financing?
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Million-dollar stories

The CBO team has funded over $1 billion in projects for local and national nonprofits, for-profit developers, and municipal agencies. Our team can help you find the low-cost financing or new market tax credits needed for your projects.
Projects

Does Your Project Qualify for Low-Cost Financing or New Markets Tax Credits?

Reach out to our specialists to discuss how we can work together.
Get a Free Project Analysis