Rural Community Assistance Corporation announces the initiation of its Household Water Well System Loan program for homeowners in rural areas of Colorado

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Here’s the release from the Rural Commnunity Assistance Corporation:

Rural Community Assistance Corporation (RCAC) announces the initiation of its Household Water Well System Loan program for homeowners in rural areas of Colorado and Utah. The program makes 1 percent interest loans available to homeowners in rural areas to construct, refurbish or replace a household water well system. The program provides low-cost financing to homeowners that rely on well water as their primary access to clean, reliable drinking water.

RCAC was awarded funding from the U.S. Department of Agriculture, Rural Utilities Service, to develop the water well loan program. The program offers loans of up to $11,000 for a term of up to 20 years. Applicants must own and occupy the home being improved or be purchasing the home. The program cannot be used as a substitute for an existing community water system and cannot pay for plumbing or septic tank repair.

Applications for a Household Water Well System Loan are accepted throughout the year on a first come, first served basis. Household income may not exceed $49,793 for Colorado and $46,711 for Utah.

Anyone with interest or questions should contact: Josh Griff, RCAC loan officer, by telephone at 720/898-9463 or by e-mail at jgriff@rcac.org.

Founded in 1978, RCAC provides a wide range of community development services for rural Native American communities, agricultural workers and community-based organizations in 13 Western states. RCAC has strong core services and expertise in housing, environmental infrastructure (water, wastewater and solid waste), leadership training, economic development and financing. To find out more about RCAC’s services, visit www.rcac.org/doc.aspx?82.

Thanks to The Chaffee County Times for the heads up.

More infrastructure coverage here.

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