What does CCCFF mean in FUNDS
CCCFF stands for Civic Community Center Financing Fund. It is a financing mechanism for civic and community center projects.
CCCFF meaning in Funds in Business
CCCFF mostly used in an acronym Funds in Category Business that means Civic Community Center Financing Fund
Shorthand: CCCFF,
Full Form: Civic Community Center Financing Fund
For more information of "Civic Community Center Financing Fund", see the section below.
What is CCCFF?
The CCCFF is a revolving loan fund established by the US Department of Housing and Urban Development (HUD) to provide financing for the construction, rehabilitation, or expansion of civic and community centers.
Eligible Projects
Eligible projects include community centers, senior centers, Boys' and Girls' Clubs, and other facilities that provide essential services to low- and moderate-income communities.
Funding
The CCCFF provides loans of up to $5 million to eligible projects, with interest rates below market rates.
Benefits of CCCFF
The CCCFF offers several benefits to eligible projects, including:
- Low-interest loans
- Flexible repayment terms
- Technical assistance from HUD
Essential Questions and Answers on Civic Community Center Financing Fund in "BUSINESS»FUNDS"
What is the Civic Community Center Financing Fund (CCCFF)?
The Civic Community Center Financing Fund (CCCFF) is a program that provides low-cost financing to eligible projects that construct or renovate community centers in underserved communities. The CCCFF is administered by the U.S. Department of Agriculture (USDA) Rural Development.
Who is eligible for CCCFF funding?
Eligible applicants include state and local governments, federally recognized tribes, and non-profit organizations. Projects must be located in rural areas and benefit low-income residents.
What types of projects are eligible for CCCFF funding?
Eligible projects include the construction or renovation of community centers that provide essential services to residents, such as childcare, after-school programs, senior citizen services, and health screenings.
How much funding is available through the CCCFF?
The amount of funding available through the CCCFF varies from year to year. Interested parties should contact their local USDA Rural Development office for more information.
What are the terms of CCCFF loans?
CCCFF loans typically have terms of 30 years and interest rates ranging from 2.5% to 3.5%.
Final Words: The CCCFF is a valuable financing resource for community centers and other facilities that provide essential services to low- and moderate-income communities. By providing low-cost financing, the CCCFF helps support the development and maintenance of these vital community assets.
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