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USDA: Puerto Rico town granted $1.2 million loan for vehicles, heavy equipment

By on November 28, 2018

SAN JUAN – The U.S. Department of Agriculture’s (USDA) assistant to the secretary for Rural Development, Anne Hazlett, announced Wednesday that the agency is investing $306 million to build or improve community infrastructure and essential services for 761,000 residents in 19 states and Puerto Rico.

USDA is investing in 42 projects through the Community Facilities Direct Loan Program. The funding helps rural small towns, cities and communities make infrastructure improvements and provide essential facilities such as schools, libraries, courthouses, public safety facilities, hospitals, colleges and daycare centers.

Josué E. Rivera, USDA’s Rural Development state director for Puerto Rico, said the municipality of Juana Díaz is receiving a $1.2 million loan to help finance the acquisition of 23 vehicles and heavy equipment “to serve the town’s 15,600 residents. This will help the municipality better attend to the health, safety, and security needs of its constituents,” his release reads.

“Modern community facilities and infrastructure are key drivers of rural prosperity,” Hazlett said. “This funding I am announcing today demonstrates USDA’s commitment…to helping ensure that rural areas are attractive places to live, work and raise a family.”

More than 100 types of projects are eligible for Community Facilities program funding. Eligible applicants include municipalities, public bodies and nonprofit organizations. Applicants and projecta must be in rural areas witha population of 20,000 or fewer.

Loan amounts have ranged from $10,000 to $165 million.

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