The purpose of the article is to study the financial and economic aspects of creating sources of shared water use in rural communities, substantiating their feasibility, importance for providing the population with high-quality drinking water and sustainable economic growth.|The article states the fact of deterioration of water supply in rural areas both in quantitative and qualitative aspects. The way out can be seen in the solution of issues regarding the use of underground water, which is better protected than surface water resources, by increasing the number of sources of shared water supply. It has been substantiated that as a result of free water use, rural communities can receive such advantages as the improvement of the quality of drinking water, the efficiency of water resources, use the reliability, security and stability of the water supply source. The measures of financial and economic regulation of the use of groundwater, among which the diversification of funding sources for the renewal of water management infrastructure facilities, the attraction of credit and grant funds to renew the technical and technological base of water management enterprises, and to improve monitoring procedure for the extraction of groundwater from deep wells, have been systematized.The article reflects the results of a survey conducted in order to find out the opinion of the respondents regarding the sources of water intake, the presence of interruptions in the water supply of populated areas of Chernihiv Oblast, the need to create shared water use facilities in the community and the sources of funding for their creation. The vast majority of respondents have reported that in their communities they use wells, their own boreholes and there are interruptions in water supply, there are problems with wells drying up.