USDA REDLG funding cut could limit Kemper County projects, board told
Legal counsel Kacey Bailey told the Kemper County Utility District board that USDA indicated a temporary reduction in RED Loan availability under a continuing resolution: only $10 million is available for Q1 and the FY2025 maximum RED Loan was revised from $2 million to $1 million, meaning projects larger than $1 million will need scope revisions or alternative financing.
The full story
At the Dec. 18, 2024 meeting, legal counsel Kacey Bailey updated the Kemper County Utility District board on the status of the USDA Rural Economic Development Loan and Grant (REDLG) program and how recent federal funding constraints could affect projects.
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