To amend the Consolidated Farm and Rural Development Act to modify provisions relating to rural decentralized water systems grants.

HR 2787 modifies a grant program under the Consolidated Farm and Rural Development Act to support rural households with water and wastewater systems. It directs the Secretary to provide grants to nonprofit organizations, which then offer subgrants (for households earning under 60% of median nonmetropolitan income) or loans (for households earning 60% or more) to cover construction, refurbishing, or servicing of individually owned household well and decentralized wastewater systems. Key changes include increasing the maximum loan amount from $15,000 to $20,000 and adding funding for 5-year performance warranties on wastewater systems. The bill also extends the program’s funding deadline from 2023 to 2028. This directly affects low- and moderate-income rural households in areas served by participating nonprofits.