Local Government Capital Project Loan Program (LGCPL)
Overview
Low-interest loans to local governments for equipment and facility needs.
Uses
Rolling stock and data processing equipment purchases or the purchase, construction, renovation or rehabilitation of municipal facilities
Eligibility
Local governments with populations of 12,000 or less
Funding
50% of the total cost of purchasing equipment up to a maximum of $50,000 or 50% of the total cost for purchase, construction of renovation of municipal facilities up to a maximum of $100,000
Terms
2% interest rate; Repaid over a period not to exceed 15 years for a facility or the useful life of the equipment; Refer to program guidelines
How to Apply
Customer Service Center, Single Application for Assistance
Program Fact Sheet
Local Government Capital Loan Program (LGCPL)
FAQs
Access our Project Eligibility Checklist for the Local Government Capital Projects Loan Program.