Blog/News

SERCAP - Web Image - Business Services
During the Fall of 2021, SERCAP will launch a new Business/Economic Development Program, which will support Entrepreneurs and Small Business Owners across the Commonwealth of Virginia. The new Business/Economic Development Program will provide Technical Assistance (TA) and comprehensive Business Services to individuals looking to start or grow a small business, which will have a positive long-term impact on the community...
SERCAP - Web Image - for Essential & Critical Needs Program
Recently, SERCAP’s Essential & Critical Needs Program assisted a low-income, single woman living in Russell County, VA, to get her home hooked-up to public water. The client had been experiencing difficulty with her old well, which eventually stopped producing any water at all, leaving her without reliable access to running water in her home. Since the area in which she lives has access to public water, she determined that connecting to the public water system would be the best solution to her problem...
SERCAP - Web Image - for Individual Household Well Loans
SERCAP’s Certified CDFI (Community Development Financial Institution) Loan Fund just approved an Individual Household Well Loan to assist a low-income couple in Amherst County, VA. Recently, the couple began experiencing significant difficulty with their individual household water well, due to especially low water pressure. They determined that the well was in need of repairs, however, because of their low-income status, they are not able to afford the necessary repairs on their own, without causing serious financial hardship...
SERCAP - Web Image - for Individual Household Well Loans
Southeast Rural Community Assistance Project, Inc.’s (SERCAP) certified CDFI (Community Development Financial Institution) Loan Fund has been an intermediary for USDA RD’s Individual Household Well Loan program since 2005 (approximately 16 years). The low-interest Individual Household Well Loan Product allows SERCAP to provide low-interest (1%) to low-to-moderate income (LMI) households in order to repair or replace a damaged and/or failing (dry) drinking water well. Eligible applicants can borrow up to $11,000.00 with an interest rate of only 1%, and up to a 10-year loan term...
SERCAP - Web Image - for Community Development Loans
Recently, SERCAP’s certified CDFI (Community Development Financial Institution) Loan Fund approved a Community Development Loan for the Town of Hiltonia in Screven County, Georgia. SERCAP’s Community Development Loan product provides affordable financing to local government entities, nonprofit organizations, public and private water/wastewater facilities, Public Service Authorities (PSAs), Planning District Commissions (PDCs), and other community organizations in rural communities across the southeast United States, to support critical public infrastructure, community development, and economic development projects...
SERCAP - Web Image - for Facilities Development Program
Recently, SERCAP’s Facilities Development Program awarded a Facilities Development Grant to the Davis Center Foundation in Accomack County, Virginia. SERCAP’s Facilities Development Program provides financial assistance to nonprofits, local government entities, public and private water/wastewater facilities, Public Service Authorities (PSAs), and Planning District Commissions (PDCs) in rural communities across the Commonwealth of Virginia, to support critical water/wastewater infrastructure and community development projects...
SERCAP - Web Image - for Housing Rehabilitation Projects
SERCAP’s Housing Department recently completed all construction for, and is preparing close-out, its Housing Rehabilitation Services for the long-term Community Development Block Grant (CDBG) Project in the Town of Dillwyn in Buckingham County, Virginia. Back in the Spring of 2018, SERCAP’s Housing Department was awarded the Rehabilitation Specialist Services Contract for the Town of Dillwyn Rehabilitation Project, a CDBG Construction Improvement Grant (CIG) project in Buckingham County...