White House Rural Council Announces $10 Billion Rural Infrastructure Fund
The White House Rural Council has announced the creation of a new fund through which private entities can invest in rural infrastructure projects across the country. Target investments will include hospitals, schools, sewage systems, energy projects, broadband expansion, food systems and other rural infrastructure. CoBank, a national cooperative bank serving rural America and a member of the Farm Credit System, is the fund's anchor investor with an initial commitment of $10 billion. Capitol Peak Asset Management will manage the fund and work to recruit more investors. The U.S. Department of Agriculture and other federal agencies will identify rural projects that could be beneficiaries of the financing.