Habitat Lands $1.265 Million In Federal Loans
Oct. 2, 2019
Habitat for Humanity–Grand Traverse is receiving two loans from the U.S. Department of Agriculture totaling $1,265,000. The funds will be used to purchase and renovate a warehouse, including adding 1,200 square feet, a bathroom, IT installation and upgrades, flooring, painting and signage. The upgraded storage capability will help support Habitat for Humanity's efforts in the area. USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. The assistance will support infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access.
The local funds are among $139 million approved for 56 projects in 23 states.