MORRISTOWN, Feb 21, 2014 -- USDA Rural Development Area Director Joe Woody recently joined Witt Utility District Chairman Tom Rouse to announce funding for needed improvements to the Witt Utility District (WUD) water system. The announcement was made at the utility’s headquarters in Morristown.
A USDA Rural Development (RD) loan of $1,261,000 and grant of $369,000 will be used to construct two needed water storage tanks to address water pressure deficiencies and water storage capacity limitations that impact businesses and households in this growing area. WUD currently serves homes and businesses in parts of Hamblen and Jefferson Counties. A portion of the funds will also be used to refinance existing short-term debt on terms that will reduce servicing costs for the District customers.
USDA Rural Development community programs finance construction and improvements to essential services like reliable access to clean water, wastewater treatment, healthcare, community development, education, job training and first responder facilities and equipment. Loan-guarantees encourage private lenders to expand the availability of affordable financing in rural communities. Direct loans and grants create sound financial opportunities for local governments to meet other essential community service needs.
Others participating in the announcement included Rep. Phil Roe’s Representative John Abe Teague; WUD Board Members Charles Hall, Jerry Shaver and Manager Terry Harris; and RD Specialists Mary Short and Allen Hawk.
USDA Rural Development invests in jobs, infrastructure, community development, health, education, homeownership and affordable rental housing to improve the economic health of rural communities. During the last four years the agency has assisted more than 1.5 million Tennessee families and businesses in 158 communities, investing more than $3.7 Billion into local economies through affordable loans, loan guarantees and grants.
For more information on Rural Development programs available in East Tennessee contact the Rural Development Area Office in Knoxville at 865-523-3338 x4, toll free (800) 342-3149 x1493, in Greeneville at 423-638-4771 x4, (800) 342-3149 x1490 or find more details at www.rurdev.usda.gov/TN.
USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).