The Texas Water Development Board (TWDB) approved by resolution financial assistance in the amount of $8,233,288, consisting of $4,528,000 in financing and $3,705,288 in grant funding, to the City of Bandera.
According to a press release, The City of Bandera will use the assistance from the Flood Infrastructure Fund (FIF) for planning, design and construction of a drainage improvement project.
In addition to the grant funding, the City of Bandera could save approximately $2,600,000 over the life of the loan by using the FIF program, according to a press release from TWDB
The approved project is eligible for FIF funding under category 2 ...