2004 Section 108 Project Summaries - Florida

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Infrastructure Pool
BORROWER: FORT PIERCE
STATE: FL
COMMITMENT AMOUNT: $4,000,000
Fort Pierce will use the Section 108 guaranteed loan to finance public facilities and improvements such as sidewalks, parks, playgrounds, and storm water system improvements. These activities will benefit a neighborhood with a population of 36,775, of which 62% are low- and moderate-income persons.

Tommytown Public Facilities Improvement Project
BORROWER: PASCO COUNTY
STATE: FL
COMMITMENT AMOUNT: $13,000,000
Pasco County will use the Section 108 guaranteed loan to finance extensive public facilities improvements, including installation of new water and sewer lines, street and sidewalk paving, and lighting for the Tommytown Neighborhood Revitalization project. These activities will benefit the residents of Tommytown, an area of 205 acres, where 7l.76 percent of the population is low- and moderate-income persons.