Recently, SERCAP’s Certified CDFI (Community Development Financial Institution) Loan Fund assisted a Low-Income family of two (2), an elderly woman and her granddaughter, living in Bland County, VA, to have a new individual household well drilled. The clients were experiencing difficulties with their old well, as it was producing muddy water that was not potable. However, due to the clients’ low-income status, they were unable to afford the whole cost of having a new well drilled on their own.
Fortunately, SERCAP was able to step-in and provide financial assistance, through a low-interest (1%), affordable loan, which covered 100% of the cost of drilling the new well. SERCAP’s Loan Fund provided an Individual Household Well Loan of $11,000.00, and now the clients once again have reliable access to clean, safe potable water in their home.
Southeast Rural Community Assistance Project, Inc. (SERCAP) is currently preparing to carry out the Indoor Plumbing & Rehabilitation (IPR) Program through the use of Virginia Indoor Plumbing Rehabilitation/Loan Program (IPR) funds. The use of IPR funds will be $300,000.00 for 2019 & 2020. Eight housing rehabilitation projects will be completed within 2 years. The IPR Program is funded and overseen by the Virginia Department of Housing & Community Development (DHCD).
During the implementation of this program, the following job types may become available: