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                Community Facilities
            Loan and Grant Programs


Description: 

Funding is provided for the financing of essential community facilities such as health care clinics, police 
and fire stations, schools, and child care centers. Guaranteed loans, direct loans, and grants are 
available.  To see a more complete list of eligible loan purposes, please click here.

Loan Purposes:

Funds can be used for construction, land acquisition, legal fees, engineering fees, capitalized interest, 
equipment, etc.

Who is Eligible:

Public bodies and nonprofit corporations. Applicants must be unable to obtain the financing from other 
funding sources and/or their own resources at rates and terms they can afford.

Loan/Grant Amount:

Funding may be obtained for 100 percent of eligible project costs, subject to adequate security, ability 
to repay, applicant's authority to borrow, and availability of funds. Grant assistance may be available for 
up to 75 percent of project costs not to exceed $50,000 or 50 percent of the State's annual allocations, 
whichever is greater.

Loan Terms:

Up to 40 years based upon an applicant's authority and life expectancy of the security.

The interest rates (effective October 1 - December 31) are:

Market - 4.25%
Intermediate - 4.375%
Poverty - 4.5%

These rates are subject to change on a quarterly basis.

Other Criteria:

Grant recipients must be located in a rural community having a population of 20,000 or less and serve primarily rural area with populations of 20,000 or less, and serve areas where the median household income of the population served by the proposed facility is below the higher of the poverty line ($19,350) or 80% ($35,327) of the State non-metropolitan median household income.

Funding Update:

FY '07 funding allocations are currently available.  Applications are being taken and will be processed, upon receipt of our approved budget.

Accomplishments :

2005 Accomplishments

Direct/Guaranteed Loans and Grants - $14,448,100

9 loans and 10 grants 

For more information on our 2004 accomplishments, please Visit here.

2004 Accomplishments

Direct/Guaranteed Loans and Grants - $9,605,596

8 loans and 6 grants 

For more information on our 2004 accomplishments, please Visit here.

2003 Accomplishments

Direct/Guaranteed Loans and Grants  - $19,602,750
9 loans and 7 grants

For more information on our 2003 accomplishments, please Visit here.

Where Do You Apply:

Program information and Application Forms can be obtained from any Area Office within the state. 

Please send any comments or suggestions to:   craig.scroggs@ga.usda.gov

Last Updated : August 15, 2007