Schumer Announces More Than $2 Million In Federal Funds Coming To Town Of Potsdam
Federal Dollars Will Be Used to Build New Town Hall
U.S. Senator Charles E. Schumer announced today that a loan of $2,006,470 has been awarded to the Town of Potsdam in St. Lawrence County by the United States Department of Agriculture's (USDA) Rural Development program as a Community Facility Direct Loan. The Town will use the funds to construct a new town hall.
"This is great news for the Town of Potsdam," Schumer said. "The construction of a new town hall will enable local government to better serve the needs of the citizens of Potsdam. It is vital that local communities have the facilities they need to have effective and efficient local governments."
The federal funds will allow the Town of Potsdam to build a new town hall to serve the community's nearly 16,000 residents. The present facility is in dire need of repair, and can no longer meet the town's needs efficiently.
Community Programs, a division of the Housing and Community Facilities Programs, is part of the United States Department of Agriculture's Rural Development mission area. Community Programs administers programs designed to develop essential community facilities for public use in rural areas. These facilities include schools, libraries, childcare, hospitals, medical clinics, assisted living facilities, fire and rescue stations, police stations, community centers, public buildings and transportation. Through its Community Programs, the Department of Agriculture is striving to ensure that such facilities are readily available to all rural communities. Community Programs utilizes three flexible financial tools to achieve this goal: the Community Facilities Guaranteed Loan Program, the Community Facilities Direct Loan Program, and the Community Facilities Grant Program.
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