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Department of Agriculture-Community Facilities (CF) Guaranteed Loan Program

Agency/Department
Federal Agency/Bureau
Rural Housing Service
Program Name
Community Facilities (CF) Guaranteed Loan Program
Authorizing Legislation

5 U.S.C. 301; 7 U.S.C. (1989) as authorized by section 306 (a)(1) of the Consolidated Farm and Rural Development Act, 7 U.S.C. 1926 (a)(1)

Program Overview

This program provides loan guarantees to eligible private lenders to help build essential community facilities in rural areas. An essential community facility is defined as a facility that provides an essential service to the local community for the orderly development of the community in a primarily rural area, and does not include private, commercial or business undertakings.

CFDA

10.766

Type of Funding

Subsidy; Loan or Loan Guarantee

Link to application site, NOFO, FOA, or Grants.gov (if different from program website above)

Not Applicable 

Notice of Funding Opportunity (NOFO) or Federal Opportunity Announcement (FOA) Type

Reissue/Renewal

Important Dates (if applicable)

Application accepted year-round.

FY2022 Appropriations Amount

$650,000,000

Matching Requirement

No 

Complementary Federal Funding Option

Agency funds may be used in connection with funds from other sources, which could include funds from other Federal agencies.

Broadband-related Program Purpose/Eligible Expenditures
Speed/Technical Requirement for Broadband Infrastructure

Not Applicable 

Criteria for Eligible Recipients

Applicant must be unable to finance the project from their own resources or through commercial credit at reasonable rates and terms.  To be eligible for a loan guarantee under CF, a borrower must meet the requirements identified in the 7 CFR 5001.126 (b)(1) through 4

Grant Beneficiaries (if different from eligible recipients)

Not Applicable 

Publicly-available programmatic data

Not Applicable – no publicly-available programmatic data specific to broadband

Contact Information

For more information, contact your local Rural Development State Office: https://rd.usda.gov/about-rd/state-offices. 

Additional Information

This program is delivered under the OneRD Guarantee Loan Initiative.  For more information, visit www.rd.usda.gov/onerdguarantee. 

Updated

June 2022