Interim financing to help rural communities access funding
Pre-Development Loans
What It Is
Communities Unlimited provides interim financing to help rural and underserved communities access funding by financing pre-development expenses for water and wastewater systems including costs for engineering, audits and other eligible services.
Communities Unlimited has been a U.S. Treasury-certified Community Development Financial Institution (CDFI) since 2001.
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Chris Ranniger
Contact Us
Program & Loan Terms
- Up to $500,000
- 1% Origination Fee
- Maturity up to 2 years
- Full repayment of Communities Unlimited loan from grant funding sources
Eligibility
- Residents must be in a rural area, town or community with a population not exceeding 10,000
- Existing Water/Wastewater Systems, no private entities
- Project must meet intended-Use guidelines for eligible entities and projects
- System’s revenue used as collateral
- Monthly interest payments made by automatic draft
- Multiple disbursements
In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating based on race, color, national origin, sex, age, or disability. Submit a complaint of discrimination, by mail to U.S. Department of the Treasury, Office of Civil Rights and Equal Employment Opportunity , 1500 Pennsylvania Ave. N.W., Washington, D.C. 20220, (202) 622-1160 (phone), (202) 622-0367 (fax), or email crcomplaints@treasury.gov (email).
Reasonable Modifications for Individuals with Disabilities
Reasonable modifications may be requested by emailing info@communitiesu.org or calling (479) 443-2700, or persons with speech or hearing impairment may call toll-free 1-800-877-0996 for service in English and Spanish.
