HUD also looks to the program to encourage structural change, both within an institution of higher education and in the way the institution relates to its neighbors. HUD will award two kinds of grants this year New Grants to applicants who have never received a COPC grant before and New Directions Grants to fund previous COPC recipients to undertake new directions in their activities. June 1, 2001. Rural Development also guarantees loans made by a bank, savings and loan, insurance company, Federal Land Bank, or other qualified lender against a certain percentage of loss under this program. Rural towns of 20,000 people or less are eligible.
Funds are available as loans.
There is no deadline. This program makes loans available to replace existing facilities, equipment, and vehicles that provide service to rural areas of 20,000 or less. Other firefighting vehicles and equipment can be financed at a slightly higher rate of interest depending on the median income of the service area. Rural towns of 20,000 people or less are eligible. Funds are available as loans.