Community Facilities Loans and Grants
Posted in Grants on March 1st, 2010 by Amanda McKay – Be the first to commentAre you a small public library serving a population of 20,000 or less looking to:
- Join the GateNet Consortium?
- Spruce up your building?
- Purchase additional computers?
- Buy new furniture?
The United States Department of Agriculture is offering funding opportunities through the USDA Rural Development Community offices. As part of the American Recovery and Reinvestment Act, libraries are eligible to apply for funding assistance if facilities are located in a community with a population up to 20,000. Funding will be authorized on a graduated scale, with smaller communities with low populations and low incomes receiving a higher percentage of the funding.
Grants and loans may be used for construction/renovation; land purchase for expansion; to pay necessary professional fees and purchase equipment required for operation. Other uses may include the purchase of shelving, furniture, computers, audio-visual equipment, distance learning equipment and bookmobiles. Please note: Funds may not be used as for a general operating budget.
Maximum term for all loans is 40 years. However, the repayment period is limited to the useful life of the facility or any statutory limitation on the applicant’s borrowing authority. Interest rates for the loans may vary.
For more information about joining GateNet – please contact Leslie Bednar or for information on applying for the grants and loans, please contact Juliette Douglas at the Lewis & Clark Library System.
