Local Airport Loan Program

Who can apply

Public Agency

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

Where: California

Purpose

This program provides discretionary State loans to eligible public-use airports for projects that enhance an airport’s ability to provide general aviation services.

Description

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.

Important dates

Opened

Jan 11, 2022

Application deadline

Ongoing

Expected award announcement

Continuous

Period of performance

1 year from award

Funding details

Total estimated available

$300,000.00

Estimated amount per award

Dependant on number of submissions received, application process, etc.

Expected number of awards

Dependant on number of submissions received, application process, etc.

Letter of intent required

No

Matching funds

Not Required

Funding source

State

Funding source notes

Local Airport Loan Account

Funding method

Advances & Reimbursement(s)

Funding method notes

A pay-back schedule is included in each Loan Agreement. Generally, the term of a loan is 17 years unless a shorter term is requested by the sponsor. Loans may be repaid early without penalty. Simple interest is charged on the outstanding balance of the loan’s principal. The interest rate is based upon the State bond sale that occurs before the Department prepares the Loan Agreement.

How to apply

Read the full guidelines on the grantor's site, then apply there. Nothing is submitted through this site.

Submission: email: [email protected]

• Grant guidelines & application ↗
• Department of Transportation ↗
• Original listing on grants.ca.gov ↗

Questions about this grant: email: [email protected]; tel: 1-916-879-6990;