Town of Homer Summary of Issues Report January 2026
Homer Maintains Current Payments on USDA Rural Development Loan
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Description
USDA Rural Development continues to service the Town of Homer's loan, with monthly draws of $5,646 for repayment. The loan remains current, with reserve funding for assets to be established in 2026.
Contract Details
Contract Amount
$5,646/month (monthly draws)
Vendor
USDA RURAL DEVELOPMENT
Agency
Town of Homer, LA
Contract Type
FINANCIAL_SERVICES
Document Date
January 31, 2026
Contract Term
Ongoing as of January 2026
Renewal Info
Loan is current; reserve account to be funded starting 2026 as set in bond documents. Amortization schedule ongoing until repaid; no renewal terms specified.
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