The Massachusetts Clean Water Trust’s (the Trust) Board of Trustees approved $1,887,350 in new low-interest loans at its meeting on February 8, 2023. 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.
Community Septic Management Program
| Borrower | Loan No. | Amount | Interest Rate |
| Bellingham | CWT-23-01 | $400,000 | 2% |
Lead Service Line Planning Program Projects
| Borrower | Loan No. | Amount | Loan Forgiveness |
| Fitchburg | DWL-23-02 | $140,000 | 100% |
| Franklin | DWL-23-07 | $119,000 | 100% |
| Milton | DWL-23-04 | $300,000 | 100% |
| Swampscott | DWL-23-05 | $163,700 | 100% |
| Warren Water District | DWL-23-03 | $200,000 | 100% |
| Westborough | DWL-23-06 | $100,000 | 100% |
| Yarmouth | DWL-22-62 | $452,650 | 100% |
| Total | Â $1,475,35 |
School Water Improvement Grant (SWIG)
| Grant No. | School District | Fixtures | Award |
| SWIG-23-03 | Our Future Learning Center Inc. | 4 | $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/loan-forgiveness-calculation-and-distribution. To learn about past meetings or find project descriptions, please visit https://www.mass.gov/service-details/2022-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 $8.1 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.
The above press release was submitted to us by the MA Clean Water Trust.
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