Massachusetts Clean Water Trust Board of Trustees members approves $78,249,638 in new loans and grants at its March meeting.
The Massachusetts Clean Water Trust’s (the Trust) Board of Trustees approved $78,249,638 in new low-interest loans and grants at its meeting on March 6, 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 |
|
Barnstable |
CWP-23-11 |
$1,790,143 |
Sewer Extension and Vacuum Sewer Removal |
1.5% |
|
Billerica |
CWP-19-09-B |
$1,166,190 |
Wastewater Treatment Facility and Pump Station Upgrades |
1.5% |
|
Falmouth |
CWP-22-59 CWP-22-59-A |
$31,265,218 |
Falmouth Wastewater Treatment Facility Teaticket-Acapesket Sewer Area |
0% |
|
Lynn Water and Sewer Commission |
CWP-19-27-A |
$1,197,350 |
West Lynn Sewer Separation |
2% |
|
Yarmouth |
CWP-23-03 CWP-23-03-A |
$41,779,312 |
Phase I – Water Resource Recovery Facility & Collection System |
0% |
|
Total |
$77,198,213 |
|
|
LEAD SERVICE LINE PLANNING GRANTS |
||
|
Grantee |
Grant No. |
Award |
|
Bedford |
DWL-24-02 |
$318,000 |
|
Marblehead |
DWL-24-01 |
$356,425 |
|
Revere |
DWL-24-08 |
$365,000 |
|
Total |
$1,039,425 |
|
SCHOOL WATER IMPROVEMENT GRANTS (SWIG) |
|||
|
School District |
Grant No. |
Fixtures |
Award |
|
New Bedford Public Schools |
SWIG-24-12 |
4 |
$12,000 |
|
Total |
$12,000 |
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.
###
