2 minutes reading time (307 words)

SERCAP’s Certified CDFI Loan Fund Program Assists Single Female in Lancaster County, VA!

Recently, SERCAP’s Certified CDFI (Community Development Financial Institution) Loan Fund assisted a low-income single woman living in Lancaster County, VA, to have a new well drilled. Her old well collapsed due to an excessive amount of rain, rendering it useless and unable to function. However, due to the client’s low-income status, she was unable to afford the cost of drilling a new well on her own without causing serious financial hardship.

Fortunately, SERCAP was able to step-in and provide financial assistance, through a low-interest (1%), affordable loan, which covered 90% of the cost of drilling the new well. SERCAP’s Loan Fund provided an Individual Household Well Loan in the amount of $9,500.00, and set-up an affordable monthly payment for the client. Now the client once again has a fully functioning well, and reliable access to clean, safe drinking water.

Without SERCAP’s Loan Fund Program, and other similar services, many low-income individuals and communities would be forced to go without such necessities as reliable access to clean drinking water, indoor plumbing, safe and affordable housing, community development and infrastructure needs, water/wastewater infrastructure solutions, and more. It is important to remember that even in the US in the 21st Century; there are those who do not have reliable access to clean, safe drinking water, environmentally sound septic facilities, and affordable housing. In order to help SERCAP continue to provide assistance to both the individuals and communities in need, please consider making a donation to SERCAP’s Water Life! Fund!

 

Donate Today: https://sercap.networkforgood.com/projects/27202-sercap-s-water-is-life-fund.

 

*Funding for SERCAP’s Certified CDFI Loan Fund is primarily made possible by USDA Rural Development, and SERCAP’s own Agency Revolving Loan Fund. Additionally, all of SERCAP’s programs in Virginia, are leveraged by a Budget Appropriation granted to SERCAP by the Virginia General Assembly, and administered by the Virginia Department of Housing and Community Development (DHCD).

SERCAP's Essential & Critical Needs Program Assist...
SERCAP’s Housing Department Assists Extremely Low-...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Monday, 21 September 2020

By accepting you will be accessing a service provided by a third-party external to http://southeastrcap.org/

Search Blog

Latest Blogs

17 September 2020
Stories
SERCAP News
Currently, SERCAP’s Regional Department is working with the Hardy Road Trailer Park water system in Bedford County, VA, to bring them back into compliance with the Virginia Department of Health’s (VDH) Office of Drinking Water’s (ODW) regulations. Th...
10 September 2020
Stories
SERCAP News
Recently, SERCAP’s Certified CDFI (Community Development Financial Institution) Loan Fund assisted a low-income single woman in Rockingham County, VA, to have a new well drilled at her home. The client had been experiencing difficulties with her exis...
03 September 2020
SERCAP News
Throughout the month of August 2020, SERCAP’s Regional Program successfully continued to deliver online workshops, as part of the agency’s plan to maintain quality services during the COVID-19 public health crisis. SERCAP’s standard slate of services...
27 August 2020
Stories
SERCAP News
Currently, SERCAP’s Housing Department is assisting a low-income single woman living in Buckingham County, VA, to complete a substantial reconstruction of her home. The client has lived in her home for over 48 years, and the well and septic system ar...
20 August 2020
Stories
SERCAP News
Currently, SERCAP’s Regional Department is working with the Town of Hillsboro in Loudoun County, VA, to conduct an income survey that will potentially allow the Town to qualify for a specialized funding package from USDA’s Rural Utility Service (RUS)...