USDA Invites Applications for Loans to Fund Community Facility Projects
TEMPLE August 19, 2015 – USDA Rural Development currently has $65 million in funding for low interest loans to be dispersed for community facility projects throughout Texas. Funding is authorized through the Department’s Community Facilities Direct and Guaranteed Loan Program.
USDA Rural Development Community Programs enhance the quality of life for rural Texans by providing funds to public bodies, community based non-profit corporations and federally-recognized tribes for essential community facilities and services. Funds may be used for a wide range of community projects. These include, but are not limited to, projects such as those which will enlarge, improve or construct schools, libraries, farmers markets, medical clinics, assisted living centers, public buildings, and community centers. Funding can also be used to purchase public safety equipment such as ambulances, firefighting equipment, and other emergency required implements.
Applications are now being accepted to fund projects meeting the criteria for community facility loan programs, as outlined on http://www.rd.usda.gov/programs-services/community-facilities-direct-loan-grant-program/tx.
For further information regarding this program, contact your nearest Rural Development office, as listed on our website at http://rd.usda.gov/tx.