GADA Financial AssistanceNEW! 2010A Financial Assistance Round - Open August 3, 2009 through December 11, 2009 Click here for the complete application! (Word doc.)
BENEFITS OF THE GADA PROGRAM INCLUDE:
- Lower interest rates
- Loan terms of up to 30 years
- Ability to fund a broad array of projects
- Grants and loans to help accelerate projects
- Assistance in establishing small communities' credit
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To date, GADA has saved its borrowers more than $15.6 million in gross interest and cost of issuance. | ELIGIBLE BORROWERS INCLUDE:
- Cities, Towns, Counties and Tribes
- Municipal Improvement Districts (including Community Facility Districts)
- Fire Districts
- County Improvement Districts
- Special Road Districts
- Sanitary Districts
- Drainage or Flood Protection Districts
- County Flood Control Districts
- County Jail Districts
- Regional Public Transportation Authorities
- Regional Transportation Authorities
GADA’s tax-exempt bonds are currently rated AA-/A1, enabling borrowers with low (or no) investment grade ratings to realize interest savings. Typically, GADA’s financial assistance saves borrowers $25,000 to $200,000, depending on the amount of the loan. Generally, GADA holds two rounds of bonding per year. Contact the Program Manager for more information.
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