There were 1,596 press releases posted in the last 24 hours and 424,820 in the last 365 days.

Massachusetts Clean Water Trust Board of Trustees members approves $44,768,312 in new loans and grants at its February meeting 

The Massachusetts Clean Water Trust’s (the Trust) Board of Trustees approved $44,768,312 in new low-interest loans and grants at its meeting on February 14, 2024. Below is information on the grants and loans approved at the meeting.

The Trust, in collaboration with the Massachusetts Department of Environmental Protection (MassDEP), helps communities build or replace water infrastructure that enhances ground and surface water resources, ensures the safety of drinking water, protects public health and develops resilient communities. It accomplishes these objectives by providing low-interest loans and grants to cities, towns and water utilities through the Massachusetts State Revolving Funds (SRFs). The SRF programs are partnerships between the United States Environmental Protection Agency and the Commonwealth of Massachusetts. SRFs function like an environmental infrastructure bank by financing water infrastructure projects in cities and towns across the Commonwealth.

CLEAN WATER PROJECTS

Borrower

Loan No.

Amount

Project Title

Interest Rate

Worcester

CW-24-01

$1,666,000

City Wide Sewer Flow Monitoring

1.5%

Yarmouth

CWP-23-03

CWP-23-03-A

$41,779,312

Phase I – Water Resource Recovery Facility & Collection System

2%

Total

$43,445,312

 

 

LEAD SERVICE LINE PLANNING GRANTS

Grantee

Grant No.

Award

Bondsville Fire and Water District

DWL-24-03

$25,000

Dighton Water District

DWL-23-157

$296,000

Peabody

DWL-24-04

$125,000

Worcester

DWL-24-05

$350,000

Total

$796,000

 

COMMUNITY SEPTIC MANAGEMENT PROGRAM

Borrower

Loan No.

Amount

Interest Rate

Hamilton

CWT-24-02

$500,000

2%

 

SCHOOL WATER IMPROVEMENT GRANTS (SWIG)

School District

Grant No.

Fixtures

Award

All Saints Catholic School

SWIG-24-07

2

$6,000

Boys & Girls Club Family Center

SWIG-24-08

2

$6,000

First Parish Preschool

SWIG-24-09

1

$3,000

Lexington Montessori School

SWIG-24-10

3

$9,000

Reading Montessori School, Inc.

SWIG-24-11

1

$3,000

Total

$27,000

 

 

For More Information

For more information on our different loan programs, please visit the Programs page at https://www.mass.gov/programs and for more information on our Loan Forgiveness Program, please visit https://www.mass.gov/info-details/the-disadvantaged-community-program#loan-forgiveness-. To learn about past meetings or find project descriptions, please visit: https://www.mass.gov/info-details/board-of-trustees-meeting-information. For information on how to apply for an SRF loan, please visit MassDEP’s website at https://www.mass.gov/lists/state-revolving-fund-applications-forms

About the Clean Water Trust

Since its establishment in 1989, the Trust has loaned nearly $8.6 billion to improve and maintain the quality of water in the Commonwealth. An estimated 97 percent of Massachusetts' residents have benefited from the financial assistance of the Trust.

###

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.