Eisentraut Ag Services



National & World Ag News Headlines
USDA Invests $243 Million in Rural Facilities in 22 States
USAgNet - 05/17/2018

Assistant to the Secretary for Rural Development Anne Hazlett Wednesday announced that the U.S. Department of Agriculture (USDA) is investing $243 million in 50 rural community facility projects in 22 states.

USDA is making the investments through the Community Facilities Direct Loan Program. The recently passed 2018 Omnibus bill increased the Fiscal Year (FY) 2018 budget for the program to $2.8 billion, up $200 million from FY 2017.

More than 100 types of projects are eligible for funding, such as schools, health care facilities, libraries and infrastructure improvements. Eligible applicants include municipalities, public bodies, nonprofit organizations and federally and state-recognized Native American tribes in rural areas with a population of 20,000 or less. There is no limit on the size of the loans. Loan amounts have ranged from $10,000 to $165 million.

Projects are being announced today in Alabama, Arizona, California, Colorado, Illinois, Kansas, Kentucky, Louisiana, Maryland, Maine, Michigan, North Carolina, North Dakota, Nebraska, New York, Ohio, South Carolina, South Dakota, Tennessee, Texas, Virginia and West Virginia.

Send this article to a friend


Other National Headlines

Topcon/Norac
Riverside Plastic Inc./RSI Calf Hutches
Copyright 2018 - USAgNet.com. All Rights Reserved.