Kinston Granted $1.85 Million Low-Interest Federal Loan
Congressman G. K. Butterfield today announced that the city has secured a $1.85 million low-interest federal loan needed to renovate the City Hall Complex.
“This is an important project for the city and the community,” Butterfield said. “I’m certainly pleased to be a part of it.”
Butterfield said that he included waiver language in the Fiscal Year 2006 Agriculture Appropriations bill to allow Kinston to access the loan. Under federal guidelines, Kinston’s population and income level were too high to qualify for a community facility direct loan from USDA Rural Development.
The funds will be used to renovate the existing City Hall Complex to provide administrative offices for the city’s public safety department and the law enforcement division. In requesting the loan, city officials said that this would allow the department to be more efficient and productive.
“This is an important project for the city and the community,” Butterfield said. “I’m certainly pleased to be a part of it.”
Butterfield said that he included waiver language in the Fiscal Year 2006 Agriculture Appropriations bill to allow Kinston to access the loan. Under federal guidelines, Kinston’s population and income level were too high to qualify for a community facility direct loan from USDA Rural Development.
The funds will be used to renovate the existing City Hall Complex to provide administrative offices for the city’s public safety department and the law enforcement division. In requesting the loan, city officials said that this would allow the department to be more efficient and productive.
posted by BPblogger at 7:52 PM
0 Comments:
Post a Comment
<< Home