Missouri Infrastructure Development Opportunities Commission Program (MIDOC)
The Missouri Development Finance Board is authorized to provide local political subdivisions, including public sewer and water districts, with long-term, 3% interest rate loans.
The purpose of this program is to help rural communities with a population of 5,000 or less, and rural districts that have a financial hardship with their infrastructure project, and are unable to obtain financing elsewhere. These loans are to partially fund infrastructure improvements, with priority given to water and sewer projects addressing public health and safety issues.
Loan dollar amounts are between $25,000 and $150,000.
For more information on the program, contact us at (573) 751-8479.