CA: Local Airport Loan Program - $300K available (Deadline Ongoing)
Opportunity Title: Local Airport Loan Program
This program provides discretionary State loans to eligible public-use airports for projects that enhance an airport’s ability to provide general aviation services.
Types of projects funded by these loans include hangars, General Aviation (GA) terminals, utilities, GA fueling facilities, Caltrans Acquisition and Development eligible projects, or local share for a federal Airport Improvement Program grant. The maximum term of a loan is 17 years.
The Department approves the amount of the loan in accordance with the project’s feasibility and the sponsor’s financial situation. For details including eligibility, please see the publication, State Dollars for Your Airport (PDF), Chapter 2; and the California Code of Regulations, Title 21, Division 2.5, Chapter 5, California Airport Loan Program.
An eligible public agency and must:
Ensure that the airport is open to the public
Have a valid State permit
Adopt rules that give it control over the operation of the airport
Have height restrictions around the airport to ensure that operations can be conducted without hazardous obstructions
Certify eligibility with a Form DOA-0007
Have local government approval
Total Amount Available: $300K
Maximum Term of Loan: 17 Years
Application Deadline: Ongoing
Period of Performance: 12 months from award
Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.