Debt Elimination
Join us in the Mission to Eliminate Our Debt!
In 2001, $6.2 million was borrowed so that we could fund the completion of phase 2 of the building, which encompassed the school, columbarium, forum, and rooms in that hallway. As of now, 22 years later, we have successfully paid off $5 million, leaving us with a remaining balance of $1.2 million.
Why September 2024?
As we approach our parish's 50th anniversary, it's essential we shift our focus towards the future. In order to achieve this goal, we must prioritize the elimination of our current debt.
In September 2024, refinancing our loan will be necessary. Given the current market conditions, we anticipate a higher interest rate.