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Loan Program - Roanoke, Individual Household Well Loan, Southeast Rural Community Assistance Project, Inc

347 Campbell Avenue SW, Roanoke, VA 24016

Loan applicants must own and occupy the home for which they are applying for a water well loan. The water well system being funded may not be associated with the construction of a new dwelling. Must be located in a rural area
Staff are tele-working Friday
https://www.sercap.org
[email protected]

Spanish

Call for information. Application available online at www.sercap.org.

Call for information

VA

Description

The household water well system loan program is designed to assist low- to moderate-income individuals needing loans to construct, refurbish and service their household well systems. The purpose of the program is to target loans to the significant numbers of homeowners in the seven states whose geographically isolated households lack water service, but for whom it is not feasible to be connected to new or existing community water systems. Serves the following states Delaware, Maryland, Virginia, North Carolina, South Carolina, Georgia, Florida, Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont . The Individual Household Well Loan Program can be up to $15,000. Interest rate at 1% and term can be up to 10 years.

Providing organization

Southeast Rural Community Assistance Project, Inc. (SERCAP, Inc.)

SERCAP's mission is to improve the quality of life for low income individual by promoting affordable water and wastewater facilities, community development, environmental health and economic self-sufficiency.