The non-profit corporations have received grant funding in the amount of $150,000 from the Community Development Block Grant (CDBG), and $300,000 USDA Rural Development Household Water Well System Program.
The grant funding will be used to establish a revolving loan fund program for eligible homeowners within the seven-county region of Douglas, Howell, Oregon, Ozark, Shannon, Texas and Wright counties.
The homes must be located in areas not currently served by municipal water systems.
The applications were developed for the respective funding agencies by SCOCOG staff earlier last year.
Eligibility and information pertaining to the low-interest loan program includes proof of property ownership and occupancy (no rental properties or new construction); combined household income less than $39,043 per year; loan recipient must pay a minimum of $250 toward total project cost; ability to make payments at 1% interest rate over a maximum of 20-year period
The maximum loan amount is $11,000.
For more information and/or to receive an application and discuss possible assistance, please call 417-256-4226.