Community Facilities Guaranteed Loan Program in Michigan
Key Information
Due Date: Not Specified
Agency: Michigan USDA-RD
Source: Michigan
Website: View Website
Funding Categories:
Funding Amount: Not Specified
Funding Type: Loan
Match Required: No
Status: Posted
Overview
Eligible borrowers include public bodies (such as municipalities, counties, and special-purpose districts), community-based non-profit corporations, and federally recognized Tribes. Projects must be located in eligible rural areas, defined as cities, villages, townships, and towns with no more than 50,000 residents.
Funds can be used to purchase, construct, and/or improve essential community facilities, purchase equipment, and pay related project expenses. Examples of eligible projects include health care facilities (hospitals, clinics, nursing homes), public safety services (fire stations, police stations), educational facilities (schools, museums, libraries), and utility services.
Applications for this program are accepted year-round. The process is initiated through a private lender (such as a bank or credit union), who applies for the loan guarantee from USDA Rural Development on behalf of the borrower.
Additional Info
Posted Date: Not Specified
Application Due Date: Not Specified
Estimated Award Date: Not Specified
Eligible Applicants:
- City or township governments
- County governments
- Native American tribal governments (Federally recognized)
- Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
- Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education
- Special district governments
- State governments
Apply with Confidence
Our partners at Syncurrent help local governments move from searching to applying. Confirm eligibility, access funding documents, and begin building a complete application in a single secure platform.
