Georgia Communities, Including Albany, Receive $39.3 Million in Infrastructure Loans for Water Projects
The Georgia Environmental Finance Authority awarded $39,328,700 in loans to twelve Georgia communities for water and wastewater infrastructure projects. Albany received a $3,500,000 loan for lead service line replacement, with no interest over 20 years and eligibility for $770,000 in principal forgiveness.
Norman Park was awarded $3,161,000 for wastewater treatment improvements, also interest-free over 30 years, with up to $2,844,900 in principal forgiveness. Other loans include $12 million for Covington, $5.25 million for Laurens County, and additional amounts for other communities.
The funds support economic development and comply with U.S. EPA and state funding guidelines.
