Community Facilities Programs

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Community Facilities Programs"

Transcription

1 USDA Rural Development Community Facilities Community Facilities Programs Community Programs USDA Rural Development, Oregon

2 USDA Rural Development Community Programs We make loans, grants, and Loan Guarantees for the following types of projects: Health Services: Hospitals, Clinics, Assisted Living Community, Cultural, or Social Services Transportation Facilities: Roads, streets, bridges Major End Items of Equipment X-Ray Machines or similar medical equipment Solid waste collection vehicles Fire and Rescue, Emergency Services, Ambulance Police and Safety Purposes City Hall, Library, other Public Services Community Programs USDA Rural Development, Oregon

3 USDA Rural Development Community Facilities Program Financial Programs Loan Guarantees Direct Loans Special Programs CF Small Loans / Grants Equipment, Fire and Rescue Rural Economic Development Loans / Grants Energy Efficiency Purposes Application Processing Feasibility Studies Technical Assistance Applications

4 USDA Rural Development Community Facilities GUARANTEED LOANS WHY THE GUARANTY PROGRAM? INCREASES FUNDS FOR RURAL AREA NEEDS LEVERAGES LOCAL BANK FUNDS REDUCES LENDER RISK ENHANCES SERVICES TO RURAL COMMUNITIES STRENGTHENS ECONOMIC BASE GOOD FOR COMMUNITY USE OF FUNDS: COSTS RELATED TO THE CONSTRUCTION, ENLARGEMENT, EXTENSION OR OTHER IMPROVEMENTS OR EXPANSIONS OF ESSENTIAL COMMUNITY FACILITIES, INCLUDING EQUIPMENT. Typical project size is $1MM - $25MM. Community Programs USDA Rural Development, Oregon

5 Community Facility - Financial Programs Common Elements BETWEEN Loan Guarantees and Direct Loans Improve, develop, or finance essential community facilities (especially health care) Located in rural areas under 20,000 population Terms limited to lesser of useful life or 40 years, or by state law May be used together with other funding sources Economic Feasibility Required

6 Community Facility Financial Programs Guaranteed Loans Lender driven Keeps investments local Rates close to prime 1% Fee Up to 90% Guarantee Loans under $3 MM approved in 30 days No upper limit on size of loan Direct Loans RD Processes at Area Offices Rates Fixed at 4.5% No added fees Loans in excess of $3,000,000 not common but possible

7 Community Facility Financial Programs for Small Projects Community Facility Grant Health Care, Public Safety, Emergency Services typically under $90,000 dependent on need Rural Economic Development Loan / Grant Loans up to $740,000 / Grants to $300,000 Loan or grant made to an eligible utility to establish a revolving loan fund for an eligible purpose Community, Health Care, Public Safety, Emergency Services Up to 10 years to repay Usually a 20% minimum match Recipient relends funds to ultimate recipient at zero interest with a small servicing fee Best used with equipment purchases under $750,000 Rural Business and Cooperative Service Grants and Loans are available for energy efficiency projects through RBS and for communities larger than 20,000 population.

8 Community Facility Economic Feasibility Requirements An independent feasibility and architectural or engineering report prepared by a qualified third party is required for: Any project in excess of $500,000 or that is Dependent on facility revenues; or Where a new owner/entity with limited operating experience is applying A Preliminary Architectural/Engineering Report will also include preliminary cost estimates, drawings, and site plans

9 Community Facility Economic Feasibility Requirements Economic Feasibility Requirements Describes need Describes current facilities Describes proposed facility Includes management prepared assumptions Includes Financial Projections for 5 years Includes Balance Sheets, Statement of Income and Expenses, and Statement of Cash flows Includes Comparison data for facilities in area for most recent year

10 Community Facility Feasibility Assumptions Management Experience and Effectiveness, Information management Accounting and Bookkeeping Policies and Practices Service Area Health care Environment- Age and specialty of physicians on staff and in the area; retired, limited practice or full time, staff turnover Competitive Environment Market Assessment and Demand for services Similar services, distance, practices and habits of residents, Economic Environment Employment, industry, rurality, inflation, assumed utilization Legal and Regulatory Environment State and Federal laws, changes Technological Environment Services to be provided, follow-up capability, etc.

11 USDA Rural Development Community Programs All applications are received and processed through the local area offices All approvals are subject to Environmental Review, completion of design phase, and subject to availability of funds Eligibility on direct loans determined in 45 days or Less Guaranteed Loans are initiated by Lender Guaranteed Loans will be approved in 60 days or Less Community Programs USDA Rural Development, Oregon

12 USDA Rural Development High Priority Projects are found in communities with - Population < 5,000, and Median Household Income (MHI) < $41,230, with Leveraged (Joint) financing > 20% And are for projects involving a - Health Care Purpose Public Safety Purpose Child Care / Day Care Renewable Energy or Energy Efficiency (Not for Resale) Community Programs USDA Rural Development, Oregon

13 Analysis - New Construction Construction Cost $10,000,000 HUD Financing Bldg Cost $10 MM HUD Fees $ 1.5 MM Davis-Bacon may add 25% Amt Financed $11.5 MM 30 Year 5% Total Payment $741,060 RD Community Facility Direct Loan $5 MM 30 Year 4.5% $304,200 Guarantee Loan $5 MM 30 Yr 7% $399,600 Total Payment $703,800 $37,260 lower than a HUD financed project

14 Analysis - New Construction In most cases: RD Financing is the preferred choice for financing since overall fees are lower. RD is the preferred choice for financing because cash flow is improved CAH Financing allows for reimbursement for debt obligations and higher levels of reimbursement There is no better time to finance new construction of health care facilities

USDA Rural Development. Programs Working in Rural America January 2015 Wyoming Economic Development Association

USDA Rural Development. Programs Working in Rural America January 2015 Wyoming Economic Development Association USDA Rural Development Programs Working in Rural America January 2015 Wyoming Economic Development Association Renewable Energy & Energy Efficiency Energy Grants may be used to pay up to 25% of the eligible

More information

Business and Industry Guaranteed Loan

Business and Industry Guaranteed Loan Business and Industry Guaranteed Loan The B & I Guaranteed Program is Lender- Driven: The USDA guarantees the loan rather than lending directly. A commercial lender requests the B & I Guarantee, and if

More information

Rural Development. Interagency Lender Training September 2014

Rural Development. Interagency Lender Training September 2014 Rural Development Interagency Lender Training September 2014 Business and Industry Guaranteed Loan The B & I Guaranteed Program is Lender- Driven: The USDA guarantees the loan rather than lending directly.

More information

USDA Rural Development. 2012 Market Place Building Partnerships to Maximize Opportunities

USDA Rural Development. 2012 Market Place Building Partnerships to Maximize Opportunities USDA Rural Development 2012 Market Place Building Partnerships to Maximize Opportunities USDA Rural Development s Mission Increase economic opportunity, Create and maintain jobs, and Enhance quality of

More information

Brownsfields 101 Funding Resources. March 31, 2011. Brandon Prough Area Specialist

Brownsfields 101 Funding Resources. March 31, 2011. Brandon Prough Area Specialist Brownsfields 101 Funding Resources March 31, 2011 Brandon Prough Area Specialist USDA Rural Development USDA Rural Development Agency Goals 1. Increase economic opportunity in rural lamerica 2. Improve

More information

USDA Rural Development Economic Development Tools

USDA Rural Development Economic Development Tools USDA Rural Development Economic Development Tools Business & Industry (B&I) Loan Guarantees Rural Energy for America Program (REAP) Loan Guarantees and Grants Intermediary Relending Program (IRP) Loans

More information

USDA Rural Development. Housing Programs Water and Wastewater Programs Community Facilities Programs Business Programs

USDA Rural Development. Housing Programs Water and Wastewater Programs Community Facilities Programs Business Programs USDA Rural Development Housing Programs Water and Wastewater Programs Community Facilities Programs Business Programs Two Main Goals: 1. Improve the quality of life of all rural Americans. 2. Increase

More information

Rural Development Program Guide Building Rural Communities from the Ground Up. www.rd.usda.gov/me

Rural Development Program Guide Building Rural Communities from the Ground Up. www.rd.usda.gov/me Rural Development Program Guide Building Rural Communities from the Ground Up www.rd.usda.gov/me Housing Programs Program Objective Applicant Uses Population / Direct s Direct Repair s and s Guaranteed

More information

Key Points USDA Rural Development (U. S. Department of Agriculture Rural Development Programs) Rural Business Cooperative Service

Key Points USDA Rural Development (U. S. Department of Agriculture Rural Development Programs) Rural Business Cooperative Service Key Points USDA Rural (U. S. Department of Agriculture Rural s) Rural Business Cooperative Service Intro: The Rural State Office, located in Bozeman, administers three U. S. Department of Agriculture programs,

More information

USDA RURAL DEVELOPMENT

USDA RURAL DEVELOPMENT Leroy J. Debes of U.S. Department of Agriculture - Rural Development Business and Economic Development Loans -- Loan Guarantees -- Grants LeRoy J. Debes, Area Specialist 509-924-7350 Ext. 115 leroy.debes@wa.usda.gov

More information

Committed to the future of rural communities.

Committed to the future of rural communities. RAPPAHANNOCK - RAPIDAN REGIONAL COMMISSION APRIL 27, 2016 - WASHINGTON, VA Anne Herring, Rural Development Coordinator USDA/Rural Development Committed to the future of rural communities. Mission To create

More information

USDA IRP LOAN FUND PROSPERA BUSINESS NETWORK 2015 CHARLOTTE STREET, SUITE 1 BOZEMAN, MT 59718 406.587.3113

USDA IRP LOAN FUND PROSPERA BUSINESS NETWORK 2015 CHARLOTTE STREET, SUITE 1 BOZEMAN, MT 59718 406.587.3113 USDA IRP LOAN FUND Prospera s Intermediary Relending Program Revolving Loan Fund ( IRP Loan Fund ) provides financing to businesses located in Gallatin County and Park County. Prospera s IRP Loan Fund

More information

Incentive Financing Summary Heffner and Associates, Ltd.

Incentive Financing Summary Heffner and Associates, Ltd. Basic 7(a) Loan Guaranty Start up and existing small To help qualified small Loan maturity is up to 10 Through commercial (SBA) businesses businesses obtain financing years for working capital and lending

More information

USDA Rural Development Business Programs

USDA Rural Development Business Programs USDA Rural Development Business Programs Business Programs Business & Industry Guaranteed Loans Revolving Loan Fund Programs Energy Programs (REAP) Rural Business Development Grant (RBDG) Eligible Locations

More information

USDA Rural Development Community Programs/Housing/Business Divisions. Business Opportunities in Community Development Lending

USDA Rural Development Community Programs/Housing/Business Divisions. Business Opportunities in Community Development Lending USDA Rural Development Community Programs/Housing/Business Divisions Business Opportunities in Community Development Lending Investing in Rural Maine Fiscal Year 2012 Housing Programs $349,915,119 Community

More information

COEUR D ALENE TRIBAL HOUSING AUTHORITY MORTGAGE FINANCING ASSISTANCE FINAL POLICY (CDTHA MFA)

COEUR D ALENE TRIBAL HOUSING AUTHORITY MORTGAGE FINANCING ASSISTANCE FINAL POLICY (CDTHA MFA) COEUR D ALENE TRIBAL HOUSING AUTHORITY MORTGAGE FINANCING ASSISTANCE FINAL POLICY (CDTHA MFA) November 2006 TABLE OF CONTENTS I. General...3 II. Eligible Recipients...3 III. Selection Criteria...4 IV.

More information

Neighborhood Lending Partners, Inc. Florida Minority Affordable Housing Development Fund Presentation Florida Housing Coalition September 9, 2014

Neighborhood Lending Partners, Inc. Florida Minority Affordable Housing Development Fund Presentation Florida Housing Coalition September 9, 2014 Neighborhood Lending Partners, Inc. Florida Minority Affordable Housing Development Fund Presentation Florida Housing Coalition September 9, 2014 Overview Neighborhood Lending Partners Certified as a CDFI-providing

More information

USDA RURAL DEVELOPMENT INTERMEDIARY RELENDING PROGRAM FACT SHEET

USDA RURAL DEVELOPMENT INTERMEDIARY RELENDING PROGRAM FACT SHEET USDA RURAL DEVELOPMENT INTERMEDIARY RELENDING PROGRAM FACT SHEET Area of Operations The South Central Tennessee Development District will utilize Intermediary Relending Program Loan Fund to assist business

More information

USDA is an equal opportunity provider, lender, and employer.

USDA is an equal opportunity provider, lender, and employer. All Rural Development Contacts and Funding Notices can be found on the website at: www.rurdev.usda.gov Select: Notice of Funds Availability on the right hand side of the screen. Select: Contact Us at the

More information

PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION RURAL DEVELOPMENT PLAN

PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION RURAL DEVELOPMENT PLAN PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION RURAL DEVELOPMENT PLAN INTRODUCTION AND OBJECTIVE Panhandle Rural Electric Membership Association (PREMA) actively participates in the development of the

More information

Creative and Alternative Financing for Tribal Projects - Thinking Outside the Box

Creative and Alternative Financing for Tribal Projects - Thinking Outside the Box Creative and Alternative Financing for Tribal Projects - Thinking Outside the Box Presented by Valerie Red-Horse NIGA 2014 Red-Horse Financial Group, Inc. RED-HORSE FINANCIAL GROUP, INC. 1 Tribal Finance

More information

GrowFL and SunTrust Bank Present: How To Utilize The SBA Loan Programs To Improve Cash Flow And Grow Your Business

GrowFL and SunTrust Bank Present: How To Utilize The SBA Loan Programs To Improve Cash Flow And Grow Your Business GrowFL and SunTrust Bank Present: How To Utilize The SBA Loan Programs To Improve Cash Flow And Grow Your Business GrowFL Webinar Series Date: March 5, 2012 Presented by: Hetal Engineer, SunTrust VP hetal.engineer@suntrust.com

More information

Rural Development: Building communities in Colorado from the ground up

Rural Development: Building communities in Colorado from the ground up Rural Development: Building communities in Colorado from the ground up Building Communities Rural Development Programs Housing programs funding for rural citizens to buy, build or renovate decent housing,

More information

SBA and USDA Lending 1/28/2014. Benefits of SBA Financing. Small Business Administration and United State Department of Agriculture

SBA and USDA Lending 1/28/2014. Benefits of SBA Financing. Small Business Administration and United State Department of Agriculture SBA and USDA Lending Small Business Administration and United State Department of Agriculture Work in Partnership with Banks Encourage Banks to Lend to Businesses by Guaranteeing loans to reduce Lender

More information

STARTING A WATER SYSTEM (Non-Profit) ASSOCIATION

STARTING A WATER SYSTEM (Non-Profit) ASSOCIATION 1 1 STARTING A WATER SYSTEM (Non-Profit) ASSOCIATION Questions and Answers Related to Rural Water Systems 1. What is a rural water system? A rural water association is a non-profit corporation organized

More information

USDA Rural Development

USDA Rural Development USDA Rural Development An umbrella of federal agencies within USDA serving the needs of rural America Rural Housing Service single & multi-family housing Rural Utility Service community facilities & infrastructure

More information

MRRA Revolving Loan Program for Tenant Leasehold Improvements and Working Capital. Lending Policies and Procedures

MRRA Revolving Loan Program for Tenant Leasehold Improvements and Working Capital. Lending Policies and Procedures MRRA Revolving Loan Program for Tenant Leasehold Improvements and Working Capital Lending Policies and Procedures Midcoast Regional Redevelopment Authority Mission Statement MRRA was established by the

More information

Farmland Legacy Conference

Farmland Legacy Conference USDA Rural Development Farmland Legacy Conference October 2008 Financial & Technical Assistance to Grow Communities from the Ground Up 40+ loan & grant programs to create housing, business and infrastructure

More information

USDA Rural Development

USDA Rural Development USDA Rural Development USDA Rural Development USDA RD 40+ Programs --Loans, Grants, Loan Guarantees, Subsidies, and Combinations. Year Around Application Periods for Most Programs. Building Communities

More information

Brownfields Program Workshop

Brownfields Program Workshop Rural Development Brownfields Program Workshop Dan Fischer USDA Rural Development Community Programs Specialist (785) 776 7582, Ext. 1404 dan.fischer@ks.usda.gov USDA Rural Development USDA RD Mission

More information

RUS 2011 Loan/Grant Portfolio = $65B. Electric (1935) Telecommunications (1949) Broadband (2000/2002/2008) Water and Waste (1937)

RUS 2011 Loan/Grant Portfolio = $65B. Electric (1935) Telecommunications (1949) Broadband (2000/2002/2008) Water and Waste (1937) RUS 2011 Loan/Grant Portfolio = $65B Electric (1935) Telecommunications (1949) Broadband (2000/2002/2008) Water and Waste (1937) Seventy Six Year History RUS is a rural policy, planning and lending agency

More information

USDA Rural Development An Online Conversation with the Central Appalachian Network

USDA Rural Development An Online Conversation with the Central Appalachian Network An Online Conversation with the Central Appalachian Network Presented By: Lisa Sharp Rural Business-Cooperative Program Director/ Rural Development Coordinator June 22, 2012 Agenda for Today s Webinar

More information

BUSINESS AND INDUSTRY (B&I) LOAN GUARANTEE

BUSINESS AND INDUSTRY (B&I) LOAN GUARANTEE Rural Development Business & Cooperative Programs www.rurdev.usda.gov/ma Southern New England State Office 451 West Street, Suite 2 Amherst, MA 01002 Phone: 413-253-4300 Fax: 413-253-4347 Norwich Area

More information

Use this section to learn more about business loans and specific financial products that might be right for your company.

Use this section to learn more about business loans and specific financial products that might be right for your company. Types of Financing Use this section to learn more about business loans and specific financial products that might be right for your company. Revolving Line Of Credit Revolving lines of credit are the most

More information

Rural Business Enterprise Loan Program (RBE)

Rural Business Enterprise Loan Program (RBE) Courthouse PO Box 607 Carlton, MN 55718 Rural Business Enterprise Loan Program (RBE) Mailing Address: Carlton County Economic Development Office PO Box 607 Carlton, MN 55718 (218) 384-9597 or (218)384-9564

More information

Small Business Programs and Resources

Small Business Programs and Resources Small Business Programs and Resources Start-Up Business Weak Collateral Longer Repayment Terms Unfamiliar Industry Achieve community economic development through job creation and retention by providing

More information

Five C s of Credit: Understanding Bank Decision Process. Shane Tiernan SVP Chief of Lending GNB Bank

Five C s of Credit: Understanding Bank Decision Process. Shane Tiernan SVP Chief of Lending GNB Bank Five C s of Credit: Understanding Bank Decision Process Shane Tiernan SVP Chief of Lending GNB Bank Who Is GNB Bank? Locally owned community bank with $350MM in total assets. Four locations: Grundy Center,

More information

Columbus Small Business Loan Program (CSBLP)

Columbus Small Business Loan Program (CSBLP) City of Columbus Columbus Small Business Loan Program (CSBLP) Application...The Columbus Small Business Loan Program has funding available from the United States Department of Agriculture - Rural Development

More information

Rural Business Service (RBS)Alabama

Rural Business Service (RBS)Alabama Rural Business Service (RBS)Alabama Vision A Rural America that is a Healthy, Safe & Prosperous Place to Live and Work. Mission To Increase Economic Opportunity and Improve the Quality of Life for all

More information

BUDGET TRANSFER REQUEST FY 2015-2016 CODE ACCOUNT AMOUNT CODE ACCOUNT AMOUNT

BUDGET TRANSFER REQUEST FY 2015-2016 CODE ACCOUNT AMOUNT CODE ACCOUNT AMOUNT General Fund Police 10-000-0-3910-00 Loan Proceeds 119,251.00 10-610-2-5774-00 Capital Outlay 119,251.00 Equipment Police Police 10-610-2-5774-00 Capital Outlay 42,768.00 10-610-2-5781-00 L/P Principal

More information

A Guide To USDA Rural Development Programs and Services

A Guide To USDA Rural Development Programs and Services A Guide To USDA Rural Development Programs and Services Vermont/New Hampshire www.rurdev.usda.gov/nh-vthome.html Follow Us on Twitter: http://twitter.com/rd_vtandnh Rural Housing and Community Facilities

More information

LENDING GUIDELINES AND TERM SHEETS FOR:

LENDING GUIDELINES AND TERM SHEETS FOR: LENDING GUIDELINES AND TERM SHEETS FOR: THE OHIO AFFORDABLE HOUSING LOAN FUND THE OHIO PRESERVATION LOAN FUND THE OCFC PERMANENT LOAN PRODUCT For information, please contact:, 614.224.8446 (p) 614.224.8452

More information

5/6/2015. Business Financing Alternative Lending Sources. May 2015

5/6/2015. Business Financing Alternative Lending Sources. May 2015 5/6/2015 Business Financing Alternative Lending Sources May 2015 MassDevelopment works with businesses, nonprofits, and local, state, and federal officials and agencies to strengthen the Massachusetts

More information

MEDC Capital Services Team. Leveraging Private Capital to Increase Lending Activity in Michigan

MEDC Capital Services Team. Leveraging Private Capital to Increase Lending Activity in Michigan MEDC Capital Services Team Leveraging Private Capital to Increase Lending Activity in Michigan MBGF Program Michigan Business Growth Fund Helping diversify and strengthen Michigan businesses Two programs,

More information

Indiana Bond Bank. Advance Funding Program HELP Program Interim Loan Program General Pool Program Not-For-Profit Water Fuel Budgeting Program

Indiana Bond Bank. Advance Funding Program HELP Program Interim Loan Program General Pool Program Not-For-Profit Water Fuel Budgeting Program INDIANA BOND BANK Indiana Bond Bank The Indiana Bond Bank is a quasi-governmental entity (a separate body, corporate and politic) established by the Indiana General Assembly in 1984 (I.C. 5-1.5). The Bond

More information

REGULATION NO. 30. Loans for Rural Economic Development

REGULATION NO. 30. Loans for Rural Economic Development EASTERN ILLINI ELECTRIC COOPERATIVE REGULATION NO. 30 SUBJECT: Loans for Rural Economic Development OBJECTIVE: It is the objective of Eastern Illini Electric Cooperative (Cooperative) to provide an additional

More information

TMF: The Proven Model for Texas Business and Community Development. Celebrating 10 years: TMF Statewide Impact

TMF: The Proven Model for Texas Business and Community Development. Celebrating 10 years: TMF Statewide Impact TMF: The Proven Model for Texas Business and Community Development Business loans for growth-oriented businesses with needs that may qualify for only partial financing through traditional lending institutions.

More information

BaltimoreMICRO - Revolving Loan Fund

BaltimoreMICRO - Revolving Loan Fund BaltimoreMICRO - Revolving Loan Fund sbrcbaltimore.com FACT SHEET Description and purpose Administered by the Baltimore Development Corporation (BDC), the purpose BaltimoreMICRO is to provide existing

More information

RURAL HOUSING SERVICE

RURAL HOUSING SERVICE For release only by The Committee on Appropriations RURAL HOUSING SERVICE Statement of Tony Hernandez, Administrator Before the Subcommittee on Agriculture, Rural Development, Food and Drug Administration,

More information

Eligibility and Application Guidelines for the Low Interest Loan Program for the Downtown Historic District (DHD)

Eligibility and Application Guidelines for the Low Interest Loan Program for the Downtown Historic District (DHD) Eligibility and Application Guidelines for the Low Interest Loan Program for the Downtown Historic District (DHD) GOAL: To attract new businesses and investors, to provide private property owners access

More information

FROM: Tammye Treviño (Signed by Tammye Treviño) Administrator Housing and Community Facilities Programs

FROM: Tammye Treviño (Signed by Tammye Treviño) Administrator Housing and Community Facilities Programs RD AN No. 4635 (1980-D) April 2, 2012 TO: State Directors Rural Development ATTENTION: Rural Housing Program Directors, Guaranteed Loan Coordinators, Area Directors and Area Specialists FROM: Tammye Treviño

More information

Legislative Fiscal Bureau One East Main, Suite 301 Madison, WI 53703 (608) 266-3847 Fax: (608) 267-6873

Legislative Fiscal Bureau One East Main, Suite 301 Madison, WI 53703 (608) 266-3847 Fax: (608) 267-6873 Legislative Fiscal Bureau One East Main, Suite 301 Madison, WI 53703 (608) 266-3847 Fax: (608) 267-6873 May 5, 2005 Joint Committee on Finance Paper #144 Rural Business Enterprise Loans (Agriculture, Trade

More information

USDA Rural Development Sustaining Relationships in Indian Country

USDA Rural Development Sustaining Relationships in Indian Country USDA Rural Development Sustaining Relationships in Indian Country 1 2009-2014 Summary of Investments $2.6 billion benefitting American Indians & Alaska Natives Including: Home Ownership Loans = $742.2

More information

ALTERNATIVE FINANCING SOURCES FOR YOUR SMALL BUSINESS

ALTERNATIVE FINANCING SOURCES FOR YOUR SMALL BUSINESS 7605B/7601 ALTERNATIVE FINANCING SOURCES FOR YOUR SMALL BUSINESS Revised October 1999 University of Wisconsin System This publication has been developed by the Wisconsin SBDC in partnership with the U.

More information

All Local Governments, Public Authorities and Certified Public Accountants. Sharon Edmundson, Director, Fiscal Management Section

All Local Governments, Public Authorities and Certified Public Accountants. Sharon Edmundson, Director, Fiscal Management Section NORTH CAROLINA DEPARTMENT OF STATE TREASURER STATE AND LOCAL GOVERNMENT FINANCE DIVISION AND THE LOCAL GOVERNMENT COMMISSION JANET COWELL TREASURER GREGORY C. GASKINS DEPUTY TREASURER Memorandum # 2016-02

More information

CITY OF REDWOOD FALLS PORT AUTHORITY REVOLVING LOAN FUND (RLF) APPLICATION

CITY OF REDWOOD FALLS PORT AUTHORITY REVOLVING LOAN FUND (RLF) APPLICATION CITY OF REDWOOD FALLS PORT AUTHORITY REVOLVING LOAN FUND (RLF) APPLICATION October, 1999 Revolving Loan Fund Guidelines City of Redwood Falls The purpose of the Revolving Loan Fund (RLF) is to provide

More information

Clean Energy and Clean Technology Finance Resources

Clean Energy and Clean Technology Finance Resources Clean Energy and Clean Technology Finance Resources This document is a preliminary draft summary of finance options in Minnesota and a few selected non-state programs. Angel Tax Credit program Minnesota's

More information

AFFORDABLE HOUSING SYMPOSIUM FINANCING JOE DIEGO, FACILITATOR

AFFORDABLE HOUSING SYMPOSIUM FINANCING JOE DIEGO, FACILITATOR AFFORDABLE HOUSING SYMPOSIUM FINANCING JOE DIEGO, FACILITATOR FINANCING PANEL: USDA RURAL DEVELOPMENT DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT GUAM HOUSING AND URBAN RENEWAL AUTHORITY GUAM HOUSING CORPORATION

More information

New Market Tax Credits

New Market Tax Credits New Market Tax Credits Sample NMTC Financing Structures Unleveraged Direct funding to CDE from the NMTC investor CDE in turn provides financing (debt and/or equity) to QALICB Advantages: simpler and may

More information

SUMMARY OF INCENTIVES

SUMMARY OF INCENTIVES SUMMARY OF INCENTIVES State of Montana Workforce Training Grants Montana s Workforce Training Act provides grants for businesses that create new jobs in Montana and provide training or education to the

More information

Small Business Development Loan Program (SBDLP)

Small Business Development Loan Program (SBDLP) Washington County Economic Growth Partnership, Inc. Small Business Development Loan Program (SBDLP) Application 1707 N Shelby Street, Suite 109 Salem, IN 47167 812-883-8803 812-883-8739 FAX E-mail: sabrina.burdine@wcegp.org

More information

VIRGINIA SMALL BUSINESS FINANCING AUTHORITY LOAN GUARANTY PROGRAM. Application Instructions

VIRGINIA SMALL BUSINESS FINANCING AUTHORITY LOAN GUARANTY PROGRAM. Application Instructions VIRGINIA SMALL BUSINESS FINANCING AUTHORITY LOAN GUARANTY PROGRAM Application Instructions GENERAL INFORMATION: The Virginia Small Business Financing Authority's (VSBFA) Loan Guaranty Program is designed

More information

Engaging CRBT to bring longer term, fixed interest rate loans to assist rural business

Engaging CRBT to bring longer term, fixed interest rate loans to assist rural business Engaging CRBT to bring longer term, fixed interest rate loans to assist rural business Team EDGE August 6, 2015 Presented by: Randy Frescoln Vice President, Specialty Finance Group 515.493-8118; cfrescoln@crbt.com

More information

MAXIMUM STATUTORY LEVY RATES

MAXIMUM STATUTORY LEVY RATES MAXIMUM STATUTORY LEVY RATES This sheet is intended as an aid to help find maximum statutory limits of funds for all taxing districts. Where there is no specific decimal amount, refer to code section to

More information

HomeTown: Portsmouth s First Time Homebuyer Program Information & Guidelines

HomeTown: Portsmouth s First Time Homebuyer Program Information & Guidelines HomeTown: Portsmouth s First Time Homebuyer Program Information & Guidelines The HomeTown Program is a partnership of the City of Portsmouth and RBS Citizens, N.A. Overview The HomeTown Program provides

More information

S E R V I C E D E S C R I P T I O N

S E R V I C E D E S C R I P T I O N S E R V I C E D E S C R I P T I O N RURAL OPPORTUNITY ZONE (ROZ) BUSINESS ACCELERATOR PILOT PROGRAM A NETWORK KANSAS FUNDING PROGRAM The is a service of the Kansas Center for Entrepreneurship (DBA NetWork

More information

Proposed 2015 2019 Five Year Financial Plan

Proposed 2015 2019 Five Year Financial Plan Proposed 2015 2019 Five Year Financial Plan Received by Committee of the Whole on March 2, 2015 Table of Contents Executive Summary -----------------------------------------------------------------------------

More information

AVAILABLE ASSISTANCE TO BUSINESSES

AVAILABLE ASSISTANCE TO BUSINESSES AVAILABLE ASSISTANCE TO BUSINESSES The Arlington EDA is pleased to offer local businesses access to the following incentives and information resources. TAX INCREMENT FINANCING Tax increment financing is

More information

FHA Direct Lender. HUD Section 242 Mortgage Insurance Program

FHA Direct Lender. HUD Section 242 Mortgage Insurance Program FHA Direct Lender HUD Section 242 Mortgage Insurance Program HUD SECTION 242 MORTGAGE INSURANCE PROGRAM CBRE is an FHA MAP approved direct lender providing competitive financing for hospitals. CBRE can

More information

Illinois Housing Development Authority Tornado Relief Fund

Illinois Housing Development Authority Tornado Relief Fund Illinois Housing Development Authority The program will provide up to $40,000 in rehabilitation assistance to homeowners that are uninsured and underinsured for home repairs caused by tornadoes, or funds

More information

E-Community Program Description

E-Community Program Description Pottawatomie County Economic Development Corporation 1004 Lincoln Avenue/PO Box 288 Wamego, KS 66547 Ph: 785.456.9776 Fax: 785.456.9775 Website: www.ecodevo.com E Mail: Julie@ecodevo.com E-Community Program

More information

Wisconsin Resource Guide. http://www.rurdev.usda.gov/wi

Wisconsin Resource Guide. http://www.rurdev.usda.gov/wi Wisconsin Resource Guide http://www.rurdev.usda.gov/wi Revised June 2008 WISCONSIN USDA RURAL DEVELOPMENT PROGRAM HANDBOOK Table of Contents PROJECT INDEX...3 PROGRAMS AT A GLANCE...4 INTRODUCTION and

More information

The Village of North Aurora Small Business Loan Program General Loan Policy

The Village of North Aurora Small Business Loan Program General Loan Policy The Village of North Aurora Small Business Loan Program General Loan Policy PROGRAM DESCRIPTION AND PURPOSE The Small Business Loan Program (SBL) is administered by the Village administrator s office.

More information

NEIGHBORHOOD STABILIZATION PROGRAM (NSP) APPLICATION FOR NSP LOAN. Program Guidelines

NEIGHBORHOOD STABILIZATION PROGRAM (NSP) APPLICATION FOR NSP LOAN. Program Guidelines APPLICATION FOR NSP LOAN Income limits per household Program Guidelines Maximum Income 1 48,150 2 55,000 3 61,900 4 68,750 5 74,250 6 79,750 7 85,250 8 90,750 Homebuyer Requirements Home Education Minimum

More information

USDA RURAL DEVELOPMENT BUSINESS PROGRAMS. Agency Representative: Anthony (Tony) Barcinas Community and Business Programs Specialist

USDA RURAL DEVELOPMENT BUSINESS PROGRAMS. Agency Representative: Anthony (Tony) Barcinas Community and Business Programs Specialist USDA RURAL DEVELOPMENT BUSINESS PROGRAMS Agency Representative: Anthony (Tony) Barcinas Community and Business Programs Specialist USDA is an equal opportunity provider and employer If you wish to file

More information

Single Family Housing

Single Family Housing Section 502/523/504 Programs Home Ownership Programs Section 502 Direct 100% Section 502 Guaranteed 100% Section 523 Self Help Program Home Repair Programs Section 504 Loan/Grant Program Section 502 Direct

More information

KENDALL-GRUNDY COMMUNITY ACTION MICRO-LOAN PRELIMINARY APPLICATION

KENDALL-GRUNDY COMMUNITY ACTION MICRO-LOAN PRELIMINARY APPLICATION KENDALL-GRUNDY COMMUNITY ACTION MICRO-LOAN PRELIMINARY APPLICATION The Kendall-Grundy Department of Community Action has established the CSBG Micro-Loan Program to assist in financing micro-businesses

More information

FY 2015 Tax Levy by Function

FY 2015 Tax Levy by Function FY 2015 Tax Levy by Function General Government 6,435,312 16% Public Works 3,755,969 9% Public Safety 9,339,985 22% Education 22,176,902 53% FY 2015 TAX LEVY BREAKDOWN Operating Budgets: General Government

More information

SBA Finance Options. Fourth National Rural Grocery Summit June 9 10, 2014

SBA Finance Options. Fourth National Rural Grocery Summit June 9 10, 2014 SBA Finance Options Fourth National Rural Grocery Summit June 9 10, 2014 SBA What it is/what it does Federal government agency created in 1953 Purpose to help potential and existing small businesses start,

More information

Official Form 22A 2 Chapter 7 Means Test Calculation 12/13

Official Form 22A 2 Chapter 7 Means Test Calculation 12/13 Fill in this information to identify your case: Check one only as directed in lines 40 or 42: Debtor 1 Debtor 2 (Spouse, if filing) United States Bankruptcy Court for the: District of (State) Case number

More information

TMF: The Proven Model for Texas Business and Community

TMF: The Proven Model for Texas Business and Community TMF: The Proven Model for Texas Business and Community Development Business loans for growth-oriented businesses with needs that may qualify for only partial financing through traditional lending institutions.

More information

HEALTHCARE EXPANSION LOAN PROGRAM II (HELP II)

HEALTHCARE EXPANSION LOAN PROGRAM II (HELP II) CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY HEALTHCARE EXPANSION LOAN PROGRAM II (HELP II) OVERVIEW LOW FIXED INTEREST RATE LOANS FOR CALIFORNIA S NON-PROFIT SMALL AND RURAL HEALTH FACILITIES 915

More information

COMPLETING A PERSONAL NET WORTH STATEMENT (Personal Net Worth Statements and Related Financial Information Are Not Subject To Public Disclosure Laws)

COMPLETING A PERSONAL NET WORTH STATEMENT (Personal Net Worth Statements and Related Financial Information Are Not Subject To Public Disclosure Laws) COMPLETING A PERSONAL NET WORTH STATEMENT (Personal Net Worth Statements and Related Financial Information Are Not Subject To Public Disclosure Laws) For New Applicants: All Owners Claiming Disadvantaged

More information

Enterprise Development Loan (EDL) Program

Enterprise Development Loan (EDL) Program Enterprise Development Loan (EDL) Program Statement of Purpose The Enterprise Development Loan (EDL) program is intended to encourage private lenders to provide credit to firms that have difficulty securing

More information

ECONOMIC DEVELOPMENT EQUIPMENT REVOLVING LOAN FUND

ECONOMIC DEVELOPMENT EQUIPMENT REVOLVING LOAN FUND ECONOMIC DEVELOPMENT EQUIPMENT REVOLVING LOAN FUND APPLICATION Return Application To: Hutchinson Economic Development Authority 111 Hassan Street SE Hutchinson MN 55350 Email: edadirector@ci.hutchinson.mn.us

More information

Mortgages running into retirement

Mortgages running into retirement Financial Services Authority Mortgages running into retirement Examples of good and poor practice for mortgage lenders Note: This paper discusses the responsible lending policies of mortgage lenders. It

More information

USDA & NMTCs: An Uneasy Alliance. Nicolo Pinoli. John Berdes. Jordan Monsour. Novogradac & Company LLP. Craft3. Butler Snow

USDA & NMTCs: An Uneasy Alliance. Nicolo Pinoli. John Berdes. Jordan Monsour. Novogradac & Company LLP. Craft3. Butler Snow USDA & NMTCs: An Uneasy Alliance Nicolo Pinoli Novogradac & Company LLP John Berdes Craft3 Jordan Monsour Butler Snow Business & Industry Guaranteed Loan Program Biorefinery Assistance Program USDA RD

More information

USDA Rural Development/Special Loan Servicing

USDA Rural Development/Special Loan Servicing Guidance Lender (Loan Holder/Loan Servicer) Borrowers USDA Rural Development/Special Loan Servicing The Lender must be a Section 502 Single Family Housing Guaranteed Loan Program approved Lender. The current

More information

WHO ARE WE? Experienced commercial lenders, all with many years working for commercial banks

WHO ARE WE? Experienced commercial lenders, all with many years working for commercial banks WHO ARE WE? Experienced commercial lenders, all with many years working for commercial banks Professionals willing to talk to you about a business loan transaction before you ever have to fill out a piece

More information

quality of life. spending water and rebuild its project s costs cost of infrastructure for every

quality of life. spending water and rebuild its project s costs cost of infrastructure for every A Cost Effective Approach to Increasing Investment in Water Infrastructure: The Water Infrastructure Finance and Innovation Authority (WIFIA) Background. High-quality and quality of life in the United

More information

Financial Resources Available to Poultry Producers

Financial Resources Available to Poultry Producers Financial Resources Available to Poultry Producers 2015 MN TURKEY GROWER S ANNUAL CONFERENCE PAULINE VAN NURDEN AG BUSINESS MANAGEMENT EDUCATOR 1 COLLABORATION IS KEY Work with your team to develop a plan

More information

EOF. Economic Opportunities Fund

EOF. Economic Opportunities Fund EOF Economic Opportunities Fund a subsidiary of Women s Opportunities Resource Center To Whom It May Concern: Thank you for requesting a application. Please complete, sign and return the application, and

More information

but that was then. Today, those in agriculture may find themselves competing against lower-risk businesses for the services of a lender.

but that was then. Today, those in agriculture may find themselves competing against lower-risk businesses for the services of a lender. There was a time when lenders knew the financial pressures and capitalization needs of those involved in agriculture. They knew just about every member of the agricultural community by name and probably

More information

FORWARD-LOOKING STATEMENT

FORWARD-LOOKING STATEMENT 1 FORWARD-LOOKING STATEMENT This presentation contains forward-looking statements, which are subject to risks and uncertainties. Additional discussion of factors that could cause actual results to differ

More information

USDA Rural Development Direct Program Prequalification Form

USDA Rural Development Direct Program Prequalification Form USDA Rural Development Direct Program Prequalification Form Please complete and return this worksheet with Form RD 3550-1, Authorization to Release Information, signed by each adult household member. What

More information

GUIDELINES FOR DIRECT FINANCIAL ASSISTANCE

GUIDELINES FOR DIRECT FINANCIAL ASSISTANCE GLENVILLE LOCAL DEVELOPMENT CORPORATION BUSINESS ASSISTANCE LOAN PROGRAM GUIDELINES FOR DIRECT FINANCIAL ASSISTANCE Prepared by: Shelter Planning & Development, Inc. 94 Glenwood Avenue Queensbury, NY 12804

More information

A Guide to Federal, State and Regional Loan and Grant Programs for Agribusiness

A Guide to Federal, State and Regional Loan and Grant Programs for Agribusiness Illinois Office of Associate Director April 2004 Environmental 1021 North Grand Avenue East Protection Agency Springfield, IL 62706 Governor Rod Blagojevich Director Renee Cipriano A Guide to Federal,

More information

USDA Home Loans. USDA Income Limitations. What is a USDA Home Loan?

USDA Home Loans. USDA Income Limitations. What is a USDA Home Loan? USDA Home Loans What is a USDA Home Loan? USDA Home Loans provide up to 100% financing for a home purchase or refinance. These loans are guaranteed by the USDA and are serviced by direct lenders that meet

More information

Short Term Loans and Lines of Credit

Short Term Loans and Lines of Credit Short Term Loans and Lines of Credit Disadvantaged Business Enterprise (DBE) Supportive Services Program The contents of this training course reflect the views of the author who is responsible for the

More information

CHAPTER 7: ESCROW, TAXES, AND INSURANCE SECTION 1: ESCROW [7 CFR 3550.60]

CHAPTER 7: ESCROW, TAXES, AND INSURANCE SECTION 1: ESCROW [7 CFR 3550.60] CHAPTER 7: ESCROW, TAXES, AND INSURANCE 7.1 INTRODUCTION Besides loan payments, other costs associated with being a homeowner include real estate taxes, hazard and flood insurance premiums, and related

More information