Southeast Rural Community Assistance Project, Inc.’s Loan Fund is now able to provide funding for individual household wells due to funding from USDA-Rural Development. Applications are available on the company website at www.SoutheastRCAP.org. We are dedicated to improving the quality of life for low to moderate income persons rural area in the southeast Region (DE,MD,VA,NC,SC,GA, and FL). Qualification: An eligible individual means an Individual who is a member of a household in which all members have a combined income ( for the most recent 12 month period for which the information is available) that is not more than 100% of the median Non-metropolitan household income for the state or territory in which the individual lives.
In most of our service areas, that means around $61,200 per year!
Other restrictions:
Loan recipient must either own or occupy the home or be occupying the home as the purchaser under a legally enforced land purchase contract which is not under default by the seller or the purchaser. The home must be located in a rural area. The water well system may not be used to substitute water service available from collective water systems. The water well system may not be associated with the construction of a new dwelling. Loan recipient must not be suspended or debarred from participation in Federal programs.
Southeast RCAP, Inc. is a private non-profit company and their Well Loan Program is “an effort to help so many of the people who are without water obtain such a necessity.”
Please contact Daniel Lawson at 540.345.1184 ext. 135, or Sharon Thomas, Loan Fund Coordinator, ext. 122 for more information.
