City of Decatur awarded $11.5 million loan for UMC Home conservation project

Screen Shot 2017-07-13 at 9.53.38 PM
Testingfg of Ads

 

The City of Decatur Public Facilities Authority was awarded an $11,452,000 Clean Water State Revolving Fund (CWSRF) loan by the Georgia Environmental Finance Authority (GEFA) executive committee.

The loan will finance the acquisition of 22.08 acres of land as part of the United Methodist Children’s Home land purchase of 77 total acres. This project will permanently protect the land for the purpose of conservation and public recreation.

The city will pay 1.70 percent interest on the 30-year loan. The loan will finance an eligible conservation project, which qualifies for a reduced interest rate.

“GEFA’s loan programs assist local governments with improving their environmental infrastructure. As part of the Clean Water program, cities and counties can also receive affordable financing for land conservation projects,” said GEFA Executive Director Kevin Clark.

“I’d like to express appreciation to Gov. Deal, U.S. Sens. Johnny Isakson and David Perdue, U.S. Reps. John Lewis and Hank Johnson, State Sen. Elena Parent, and State Reps. Karla Drenner, Howard Mosby, Mary Margaret Oliver, and Renitta Shannon for their support. The state’s commitment to helping cities and counties finance infrastructure development is a main contributor to GEFA’s success,” said GEFA Executive Director Kevin Clark.

On Common Ground News


Leave a Reply

Your email address will not be published. Required fields are marked *

Testingfg of Ads

About us

On Common Ground News is published daily by On Common Ground, Inc (OCGNEWS.COM). The newspaper serves DeKalb, Gwinnett, Rockdale and Metro Atlanta.

The opinions expressed by writers and contributors are not necessarily those of the publisher or the newspaper’s advertisers.

No portion of this newspaper may be reproduced in any form without the written permission of the publisher.

We reserve the right to reject material and advertisements we deem inappropriate.


On Common Ground News
P.O. Box 904
Lithonia, GA 30058


(770) 679-5607

editor@ocgnews.com


Latest News

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: On Common Ground News, 1240 Sigman Road, Conyers, GA, 30012, https://www.ocgnews.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact