The city of Brookhaven announced that it has been awarded a $5.7 million loan recently. The Clean Water State Revolving Fund loan by the Georgia Environmental Finance Authority’s executive committee will be used to acquire 33 acres of forested land adjacent to the DeKalb-Peachtree Airport.
The land will be publicly accessible and will include unpaved walking trails as part of the greenspace improvement plan. Because this project qualifies the city for a reduced interest rate on the loan, the city will pay .89 percent interest on the 20-year loan, which includes principal forgiveness up to $500,000, if all funds are drawn.
“We are grateful to GEFA for awarding us this loan for the financing of the PDK Greenspace. It helps us keep the promise we made to our residents to keep Brookhaven green and vibrant,” said Brookhaven Mayor John Ernst.
Information: www.gefa.georgia.gov or brookhavenga.gov.
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