The Georgia Environmental Finance Authority (GEFA) is a state agency that, among other duties, makes low interest rate loans to cities, counties and authorities for water, sewer and solid waste system improvements and for land conservation. GEFA has approved $2.6 billion in loans for over 1,400 projects since 1984.
GEFA welcomes applications for water and sewer loans at any time during the year. The loan conditions are easy to understand and the rates are easy to afford. Every project that is important to our clients is important to GEFA. The majority of our Board of Directors is made up of local government officials.
| Call or e-mail any of our loan program staff. A representative will be glad to visit your community to describe our loan programs and to show you how GEFA can help finance infrastructure improvements at the lowest possible cost. |
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| If you would like information on our Fee Schedule please click here. |
GEFA Federal Loan Programs
| Program |
|
Description |
|
Rate |
| Drinking Water State Revolving Fund (DWSRF) |
|
Federal funds for drinking water projects to solve water supply problems. Maximum loan amount - $25,000,000 per year |
|
3.0%
+ 2% closing fee |
| Clean Water State Revolving Fund (CWSRF) |
|
Federal funds for wastewater and stormwater projects. Maximum loan amount- $25,000,000 per year |
|
3.0%
+ 2% closing fee |
| Land Conservation Loans |
|
Federal funds to purchase conservation easements or fee simple interest in land for eligible conservation projects. |
|
3.0%
+ variable closing fee
Click here for more information. |
GEFA State Loan Programs
| Program |
|
Description |
|
Rate |
| Georgia Fund |
|
Financing for any type of drinking water and wastewater projects. Maximum loan amount - $3,000,000 |
|
3.81%
+1% closing fee |
| Environmental Emergency Loans |
|
For emergency projects necessary to protect the public's health. Maximum loan amount - $300,000. |
|
2.0% |
| Interim Loan Program |
|
Interim financing for projects with permanent funding already committed. Maximum loan amount - $3,000,000 |
|
3.81%
+.5% closing fee |
| Solid Waste Loans |
|
Financing for solid waste management and recycling projects. Maximum loan amount - $3,000,000 |
|
3.81%
+1% closing fee |
Repayment Period Maximums
| Program |
|
Maximum Repayment Period |
| Drinking Water State Revolving Fund (DWSRF) |
|
20 Years |
| Clean Water State Revolving Fund (CWSRF) |
|
20 Years |
| Land Conservation Loans |
|
20 Years |
| Georgia Fund |
|
20 Years |
| Environmental Emergency Loans |
|
10 Years |
| Construction Loan Program |
|
2 Years |
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Federal and State Program Highlights
| Federal Programs |
|
Description |
| Drinking Water State Revolving Fund (DWSRF) |
|
Federal funds for drinking water projects to solve water supply problems are available at any time for projects that are on the DWSRF priority list. Applicants can be placed on the priority list by responding to GEFA's annual solicitation for prospective SRF projects. Projects may qualify for lower rates depending on the applicant’s financial condition. Closing fee of 2.0%. |
| Clean Water State Revolving Fund (CWSRF) |
|
Federal funds for wastewater and stormwater projects are available at any time for projects that are on the SRF priority list. Applicants can be placed on the priority list by responding to GEFA's annual solicitation for prospective SRF projects. Closing fee of 2.0%. |
| Land Conservation Loans |
|
The Georgia Land Conservation Program (GLCP) is intended to provide local governments and the state with funding to purchase conservation easements or fee simple interest in lands for approved land conservation projects. The GLCP can be used as sole source funding or as one component of a financing package with other approved funding (e.g., general fund appropriations, federal funding, SPLOST, etc.). Variable closing fee. Click here for more information. |
| State Programs |
|
Description |
| Georgia Fund |
|
Quick loan approval time. Water and sewer work can be funded together. Two ways to get a further reduced rate: (1) WaterFirst Communities are entitled to a 1.0% reduction. (2) DCA Communities of Opportunity are entitled to a 0.5% reduction. |
| Environmental Emergency Loans |
|
For projects necessary to protect the public's health. Not intended to correct problems created by deferred maintenance. |
| Interim Loan Program |
|
Interim financing for projects with permanent funding from a source other than GEFA. The total is due at construction completion and the construction period may not exceed 24 months. |
| Solid Waste Loans |
|
GEFA makes loans to finance solid waste capital improvement projects, with an emphasis on projects that minimize the waste stream going to landfills. |
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