City awarded $4,337,000 Loan

The City of Hazlehurst was awarded a $4,337,000 Drinking Water State Revolving Fund (DWSRF) loan by the Georgia Environmental Finance Authority (GEFA) board of directors.
The loan will finance the installation of an elevated water storage tank, groundwater well, and water lines. The project will increase the city’s water supply and replace aging infrastructure to ensure a more reliable water distribution system.
The city will pay 1.94 percent interest on the 20-year loan. The loan qualifies for a reduced interest rate because a portion of the project is a conservation activity. The city is eligible for principal forgiveness up to $460,000.
The DWSRF, a federal loan program administered by GEFA, provides communities throughout Georgia with low-interest loans to fund water infrastructure projects that deliver safe, affordable drinking water. The program is jointly funded by the U.S. Environmental Protection Agency and the state of Georgia. Eligible projects include a wide variety of public health or compliance related water supply projects. These projects conserve and improve water resources and facilitate economic growth and development. Low-interest loans from this program are available up to $25 million.