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Community Revolving Loan Fund
The City of Fayetteville has earmarked $235,000 of American Recovery and Reinvestment Act monies to develop a Revolving Loan Fund (RLF) targeting non-profit organizations in the Fayetteville Community. In August 2010, the City of Fayetteville hired the Treadwell Institute to administer this RLF which will fund energy efficiency and renewable energy improvements on buildings owned by non-profit organizations within Fayetteville.
Projects will reduce utility costs and assist the borrower in paying back the loan. This is possible due to the untapped potential of energy efficiency projects on older facilities and low overhead costs of the program.
Non-profits selected will agree to pay off the loan using energy efficiency savings. These loan payments will then ensure other non-profits can participate in later years and thus maximizing the benefits in the Fayetteville community. The three selected non-profits are:
Mt. Sequoyah Retreat & Conference Center
Botanical Garden of the Ozarks
Fayetteville Chamber of Commerce