How much funding does Community Development Loans provide?

Community Development Loans provides Up to $175,000 in funding.

When is the deadline for Community Development Loans?

This grant has a rolling deadline or the deadline has not been announced.

Community Development Loans

SOUTHERN MS PLANNING &

Foundation Rolling (Quarterly) Community Development Grants

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Funding Amount

Up to $175,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Community Development Loans

Funder: Southern Mississippi Planning and Development District (SMPDD)

Overview: Using local SMPDD funds, this program is designed to provide loans to local municipalities and county governments for community development purposes. The fund is utilized when proposed projects do not meet guidelines of the existing Revolving Loan Fund.

Loan Terms

Maximum loan amount: $175,000
Job creation requirement: Lifted for this local program

Eligibility Requirements

Applicants: Local municipalities and county governments
Financial: Applicant must be solvent as verified through annual audits
Repayment: Must have specific repayment method
Project purpose: Must address a community development need in the area

Geographic Scope

Southern Mississippi region

Contact Information

Ronnie Emile, Loan Program Manager: remile@smpdd.com
Marvin Dickey, Special Project Manager, EO Officer: mdickey@smpdd.com
Phone: 1-228-868-2311 or 1-800-444-8014

How to Apply

Application Process

1. Contact Loan Program Manager for application materials
2. Complete application form
3. Submit required documentation including:
- Annual audits demonstrating solvency
- Detailed description of community development need
- Specific repayment method
4. SMPDD reviews and processes application
5. Approval and loan disbursement