Interest Rate Reduction on All Water Conservation Loans

The Georgia Environmental Finance Authority’s (GEFA) Executive Director Kevin Clark announced that the GEFA Board of Directors approved a one percent interest rate reduction on all water conservation loans made from the Georgia Fund, the Clean Water State Revolving Fund (CWSRF) and Drinking Water State Revolving Fund (DWSRF) on May 18th.  Executive Director Kevin Clark said, “This interest rate reduction supports our mission to finance infrastructure projects that help to protect the state’s natural resources, as well as support Georgia’s commitment to water conservation.”  GEFA loan programs can be used by local government water utilities to finance a wide array of water conservation projects in the areas of utility-water loss and end-use water efficiency.  GEFA has provided over $34 million in low interest financing for water efficiency and conservation projects.  You can click here to read the full press release and see what projects are eligible for funding.