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GEFA director outlines billions in water and energy financing, PFAS funding and resilience programs
Summary
Trey Bennett, GEFA executive director, briefed the committee on GEFA programs: over $6 billion in low-interest loans historically, IIJA-funded PFAS and lead-replacement grants, hurricane resilience funds with principal forgiveness, energy rebates and a new natural-gas loan authority; GEFA urged local governments to apply.
Trey Bennett, executive director of the Georgia Environmental Finance Authority (GEFA), told the Natural Resources & Environment committee that GEFA’s primary work is providing low-interest loans to communities for water, sewer, energy and land-conservation projects.
Bennett said GEFA has provided more than $6,000,000,000 in low-interest loans and financed over 2,100 projects statewide. In fiscal 2025, GEFA reported serving more than 2,700,000 Georgians, disbursing about $431,000,000 for water projects and awarding roughly $259,000,000 for new water projects getting started across the state. He said GEFA’s base rate on administered funds is 3.49% and that GEFA offers discounts for Water First and Plan First communities and additional discounts for conservation projects.
Bennett briefed the committee on several IIJA-funded programs GEFA administers: the lead service line…
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