Richmond Hill, Georgia, was recently awarded a $3,250,000 Georgia Fund loan by the Georgia Environmental Finance Authority (GEFA) board of directors.

The Georgia Fund, a state-funded loan program, provides communities with low-interest loans for water, wastewater, water conservation, and solid waste infrastructure projects. Eligible projects include water and sewer lines, treatment plants, pumping stations, wells, water storage tanks, and water meters. These projects conserve and improve water resources and facilitate economic growth and development.

The city will pay 2.35% interest on the 20-year loan. The loan also qualifies for a reduced interest rate due to the city being a WaterFirst Community.

The loan will finance the construction of an elevated storage tank and water main, aiming to allow the city to meet the growing needs of its residential, commercial, and industrial customers, and enhance public safety infrastructure to critical facilities.