Washington Airport Management Association 

Revitalization Loan Program Now Available

October 09, 2019 9:39 AM | admin (Administrator)

The new Community Aviation Revitalization Loan Program, established by EHB 1102 and funded initially with $5 million, is now available. The revolving loan program is for revenue-producing capital projects that help public-use, general aviation airports become more self-sustainable. The program provides loans up to $750,000 at 3% interest to airports with less than 75,000 annual commercial enplanements, as reported to the FAA.  

Eligible projects can include hangars, fueling facilities, business parks on airport property, paid parking facilities, passenger amenities, and other revenue-generating or cost-cutting developments. The initial deadline for loan applications is Tuesday, November 12, 2019.

For more information, contact Dave Chenaur, Aviation Loan Program Manager at  chenaud@wsdot.wa.gov  or 360-705-7839. The loan application and other loan program information will be posted on WSDOT Aviation’s website, https://www.wsdot.wa.gov/aviation , in the near future.

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