Guaranteed loans may be made for the same purposes as direct loans. They are made and serviced by lenders such as banks and savings and loan associations. Normally, guarantees will not exceed 80 percent on any loss of intere3st and principal on the loan. Water and Waste Disposal Grants - The purpose of the grants is to reduce water and waste disposal costs to a reasonable level for user of the system. Grants may be made, in some instances, up to 75 percent of eligible projects costs.
Eligible applicants are the same as for loans.
Grant funds may be used to assist communities and rural areas identify and evaluate solutions to water or wastewater problems, improve facility operation and maintenance activities, or prepare funding applications for water or wastewater treatment facility construction projects. Eligible communities include rural areas and cities and towns with a population of 10,000 or less. Solid Waste Management Grants - Provides technical assistance and training to reduce or eliminate pollution of water resources and improve planning and management of solid waste facilities. Assistance may be provided to enhance operator skills in operations and maintenance, identify threats to water resources, and reduce the solid waste stream. Eligible communities include rural areas and cities and towns with a population of 10,000 or less.