Revolving Fund Program | RDRUS 25 RFP

Opportunity Information: Apply for RDRUS 25 RFP

The Revolving Fund Program (Funding Opportunity Number RDRUS 25 RFP) is a discretionary grant opportunity from the U.S. Department of Agriculture (USDA) Rural Utilities Service (RUS). Its main purpose is to provide grant funding to qualified private, nonprofit organizations so they can build and operate revolving loan funds. Those revolving funds are then used to finance certain water and wastewater-related costs for eligible borrowers, helping communities move projects forward and address smaller, urgent infrastructure needs.

What makes this program distinct is that USDA is not primarily funding construction directly through this grant. Instead, the grant capitalizes (seeds) a revolving fund managed by the nonprofit grantee. The nonprofit then provides financing to eligible entities for targeted, short-term needs. The program is aimed at two broad categories of costs. First, it can support pre-development expenses tied to proposed water and wastewater projects, which often include early-stage activities that must happen before a project can qualify for larger, long-term financing or construction funding. Second, it can help cover certain short-term costs for existing water and wastewater systems, specifically for replacement equipment, small extensions of service, or other small capital projects that fall outside normal operations and maintenance. In other words, it is designed to bridge gaps that can stall projects or strain small systems, without substituting for routine upkeep.

Eligible applicants are listed broadly as "Others" in the notice, but the program description makes clear that the direct applicants for the grant are qualified private, nonprofit entities. These nonprofit recipients are responsible for establishing and administering the revolving fund and then lending to eligible entities for allowable purposes. Detailed eligibility requirements and program rules are provided by USDA Rural Development on its Revolving Funds for Financing Water and Wastewater Projects webpage: https://www.rd.usda.gov/programs-services/revolving-funds-for-financing-water-and-wastewater-projects.

The opportunity is categorized under Agriculture, Community Development, Environment, and Health, reflecting how water and wastewater infrastructure affects public health, environmental compliance, and rural community viability. The assistance is offered as a grant (Funding Instrument Type: Grant) under CFDA/Assistance Listing 10.864. The posting indicates an expected four awards. The opportunity lists an award ceiling of 0, which typically signals that the maximum award amount is not specified in the summarized listing and applicants should rely on the full program guidance or notice for any limits, typical award sizes, or funding availability details.

The application deadline shown is August 7, 2025 (Original Closing Date: 2025-08-07), and the opportunity record was created on July 9, 2025. Applicants interested in applying should be prepared to explain how they will structure and manage a revolving fund, how loans will be underwritten and repaid to keep the fund replenished, how eligible borrowers will be identified and served, and how financed activities will align with the program's focus on pre-development costs and small, non-routine capital needs for water and wastewater systems.

• The Rural Utilities Service in the agriculture, community development, environment, health sector is offering a public funding opportunity titled "Revolving Fund Program" and is now available to receive applicants.
• Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 10.864.
• This funding opportunity was created on 2025-07-09.
• Applicants must submit their applications by 2025-08-07. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
• The number of recipients for this funding is limited to 4 candidate(s).
• Eligible applicants include: Others.

Apply for RDRUS 25 RFP

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