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Conservation Can't Wait
The Emergency Land Protection Loan Funds
CTNC operates three Emergency Land Protection Loan Funds to enable land trusts to increase their ability to respond to time sensitive land and water protection needs in their regions. These revolving loan funds are critical to the protection of properties highly threatened by development.
- The Blue Ridge Mountain Revolving Loan Fund provides short-term bridge financing with minimal interest to local land trusts to buy conservation land and easements. This fund was established by a major donor and is restricted to conservation projects in western North Carolina. The current balance is about $4.3 million.
- The Piedmont/Coast Revolving Loan Fund provides short-term bridge financing to land trusts in the Piedmont and coastal regions. The current balance is about $140,000.
- The Will Henry Stevens Revolving Loan Fund was established by a major donor and is restricted to conservation projects of the Conservation Trust for North Carolina and the Southern Appalachian Highlands Conservancy. The current balance is about $280,000.
During the fiscal year ended June 30, 2009, CTNC made five loans totaling $1.16 million to three land trusts, protecting 271 acres with a fair market value of $2.4 million.
Since the inception of the revolving loan funds, CTNC has made 23 loans totaling $9.7 million to nine land trusts, protecting 6,777 acres with a fair market value of $34.8 million.
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