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York County Industrial Development Authority presents three NextGen farm loan requests; loans described as nonrecourse to county
Summary
Kennetha Hansen of the York County Economic Alliance told commissioners three applicants are seeking Next Generation Farmer loans through banks, and that the loans would be nonrecourse to the county or IDA; federal tax rules require approval by the highest elected official for the issuing entity.
Kennetha Hansen, speaking in her capacity with the York County Industrial Development Authority, presented three requests for Next Generation Farmer loans at the Oct. 15 York County Board of Commissioners meeting.
Hansen said the applicants are first-time farmers seeking to purchase farms in municipalities across York County and that the loans would be originated by banks under the federal…
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