Officials with the South Central Ozark Community Improvement Corporation (SCOCIC) and South Central Ozark Council of Governments (SCOCOG) announce that funding is still available and their respective non-profit corporations have received grant funding in the amount of $150,000 from the Community Development Block Grant (CDBG) and $300,000 USDA Rural Development Household Water Well System Program. The grant funding will be used to establish a revolving loan fund program for eligible homeowners within the 7-county region of Douglas, Howell, Oregon, Ozark, Shannon, Texas, & Wright Counties.
“Both non-profit organizations have been working for over a year to secure the grants that will be used to implement this regional Household Water Well Initiative. The purpose of the program is to assist in providing financing improvements for individual household well systems including drilling new wells that will serve existing households or to remediate problems with existing wells,” said SCOCIC Chairman Leo Warren.
The homes must be located in areas not currently served by municipal water systems. The applications were developed and submitted to the respective funding agencies by SCOCOG staff earlier last year.
Eligibility and information pertaining to the low interest loan program includes the following:
Proof of property ownership & occupancy (no rental properties or new construction)
Combined household income less than $39,043 per year.
Loan recipient must pay a minimum of $250 toward total project cost.
Ability to make payments at 1% interest rate over a maximum of 20-year period
Maximum loan amount is $11,000
For more information and/or to receive an application and discuss possible assistance please contact Monty Smith at msmith@scocog.org or Kyle Walker at kwalker@scocog.org or by phone at SCOCOG offices in Pomona, Missouri at 417-256-4226.
