Illinois Environmental Protection Agency provides loans for water supply, groundwater, drinking water and sewer projects

The Illinois Environmental Protection Agency announced the issuance of $182,222,203 in water infrastructure loans to local governments and health districts for the third quarter of fiscal 2022, January through March. .

This round of funding included projects in Madison County, including the City of Highland, which will install hardened sewer line in place, and received more than $2.2 million, including $336,916 in principal rebate. . The Village of Maryville will install sewer lines and manholes, abandoning an existing pump station. The village received $820,984 for the project.

In Sangamon County, the Village of Dawson will construct a water treatment plant for iron removal aimed at ensuring the village has a clean water supply and will receive over $5.3 million including $400,000 in main discount.

The Illinois EPA State Revolving Fund (SRF) program provides low-interest loans that finance wastewater, stormwater, and potable water projects. Of the 33 loans, 20 were eligible for a total of $8,571,149.62 in capital relief for disadvantaged communities, providing additional benefits to recipients meeting the loan rules for the small community rate or the hardship rate.

These projects are in addition to more than $9.6 million in funding and principal forgiveness previously announced for lead service line replacement projects issued by the Illinois EPA in the third quarter.

“Through our strong state revolving fund, the Illinois EPA continues to meet the needs of the communities and water districts that depend on this funding to meet the ongoing challenges of deteriorating infrastructure,” said the IEPA Director John J. Kim in a statement. “The Illinois EPA remains committed to helping loan recipients, especially disadvantaged communities, with funding that will meet their wastewater and drinking water needs while protecting public health and the environment.”

The Illinois EPA SRF includes two loan programs, the Water Pollution Control Loan Program (WPCLP) which funds both wastewater and stormwater projects and the Public Water Supply Loans (PWSLP) for drinking water projects. The programs receive federal capital funding each year, which is combined with state matching funds, interest income, repayments, and the sale of bonds, to provide the source of funding for these projects. infrastructure.

State matching funds for the 2020-2024 fiscal year are provided through the bipartisan Rebuild Illinois Capital plan, increasing the funding capacity of both loan programs.

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