Funds are still available for low-interest loans to eligible individual households for a new water well or rehabilitation of an existing water well. WWT limits funding to a maximum of $11,000 per household. Loans have an interest rate of 1% with terms of up to 20 years.
To qualify for a WWT loan, applicants must be the owner and occupant of the home as their primary residence. In addition, the applicant’s household income must not exceed 100% of the median non-metropolitan household income for the state in which the applicant resides. The 2016 Non-Metropolitan median household income for Georgia is $45,300.The income criteria apply to both the applicant and all other occupants of the home.
Prospective applicants can download the application form and instruction letter from the Water Well Trust website at waterwelltrust.org/apply or call 202-625-4383 for more information.