Roxboro, NC (June 28, 2019) – Person County Habitat for Humanity received a $150,000 zero-interest loan to help pay for their new facility. Piedmont Electric Membership Corporation is playing a supporting role in the purchase of the warehouse by facilitating a loan funded from the United States Department of Agriculture’s (USDA) Rural Economic Development Loan and Grant (REDLG) program revolving loan fund.
The facility will house the indoor Habitat Yard Sale, staff offices, a board room for construction meetings and storage for building materials for Habitat Houses. The Habitat Yard Sale is a source of income for providing affordable housing in Person County. All are welcome to shop, donate and/or volunteer at the Habitat Yard Sale now located at 110 Carver Drive in Roxboro, NC.
“Over the years, efforts of volunteers have grown the Habitat Yard Sale into an economic engine,” said Daniel Collins, Executive Director of Person County Habitat for Humanity. “The Habitat Yard Sale has the added benefit of providing household wares at an affordable cost to our community.”
A significant portion of the funds for the facility came from the revolving loan fund created from repaid USDA REDLG loans facilitated by Piedmont Electric. Payments from organizations who have received REDLG loans managed by Piedmont Electric in the past are placed into this revolving loan fund which allows these federal funds to be re-loaned in our local communities.
“We are proud to partner with the Person County Habitat for Humanity in their mission of providing affordable housing in one of our communities,” said Steve Hamlin, Piedmont Electric President and CEO. “Through the USDA REDLG program, we have a unique opportunity to be able to support our communities far beyond our electric service.”
In the past several years, Piedmont Electric has secured more than $12 million in USDA funding within Person, Alamance, Orange, Caswell and Durham counties for fire trucks, fire stations, ambulances, schools, a public library and a warehouse. As the funds are repaid they are re-loaned to assist with future projects in communities served by Piedmont Electric.
Piedmont Electric is a local, member-owned, not-for-profit electric cooperative serving more than 32,000 electric accounts in Person, Alamance, Caswell, Durham, Granville and Orange counties. Piedmont Electric exists to serve our members and improve the quality of life in our communities through local employment, economic development, business engagement, youth education, grants to educators, advocacy for energy issues, community involvement, broadband connectivity and emergency preparedness support. Visit www.pemc.coop for more information.
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Photo caption: Representatives of the Person County Habitat for Humanity, Person County Tourism Development Authority, Roxboro Savings Bank, the City of Roxboro and Piedmont Electric gather to celebrate the closing of $150,000 in zero-interest loans to the Person County Habitat for Humanity.
Attendees in photo from left to right:
Margaret McMann – Executive Director at the Person County Tourism Development Authority
Keith Epstein – Executive Vice President and CEO at Roxboro Savings Bank
Brooks Lockhart – Roxboro City Manager
Susan Cashion – Vice President, Chief Compliance and Administrative Officer at Piedmont Electric
Randy Kinley – Piedmont Electric Board of Directors
Bill Barber – Piedmont Electric Board of Directors
Daniel Collins – Executive Director at Person County Habitat for Humanity
David Poythress – Piedmont Electric Board of Directors
Jane Long – Senior Vice President and Chief Administrative Officer at Roxboro Savings Bank