GADA Financial Assistance

NEW! 2009C Financial Assistance Round - Open January 6, 2009 through June 26, 2009 Click here for the complete application! (Word doc.)

BENEFITS OF THE GADA PROGRAM INCLUDE:
Lower interest rates
Loan terms of up to 30 years
Ability to fund a broad array of projects
Grants and loans to help accelerate projects
Assistance in establishing small communities' credit

To date, GADA has saved its borrowers more than $15.6 million in gross interest and cost of issuance.

ELIGIBLE BORROWERS INCLUDE:

Cities, Towns, Counties and Tribes
Municipal Improvement Districts (including Community Facility Districts)
Fire Districts
County Improvement Districts
Special Road Districts
Sanitary Districts
Drainage or Flood Protection Districts
County Flood Control Districts
County Jail Districts
Regional Public Transportation Authorities
Regional Transportation Authorities

GADA’s tax-exempt bonds are currently rated AA-/A1, enabling borrowers with low (or no) investment grade ratings to realize interest savings.

Typically, GADA’s financial assistance saves borrowers $25,000 to $200,000, depending on the amount of the loan.

Generally, GADA holds two rounds of bonding per year. Contact the Program Manager for more information.

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