Twenty Georgia communities – including Braselton and Hoschton – have been awarded financing totaling $223,099,186 for water, wastewater, sewer, and stormwater projects by the Georgia Environmental Finance Authority (GEFA) board of directors.
Braselton will use a $6.9 million loan to finance constructing a storage tank, developing two groundwater wells, and installing high service pumps and water main. This project will support the anticipated commercial and residential growth in the area, GEFA says. The town will pay 2.49% interest on the 20-year loan. This loan qualifies for a reduced interest rate due to the town being a WaterFirst Community.
In Hoschton, a ten-million-dollar loan will finance expanding the Hoschton Wastewater Treatment Facility, installing force main, and relocating the discharge to Indian Creek. The Georgia Environmental Protection Division required the city to move the treated effluent to a larger body of water. This project will provide reliable treatment and effluent quality for future population growth, according to GEFA. The city will pay 3.49% interest on the 20-year loan.