Press Release

Press Release  Massachusetts Clean Water Trust Board of Trustees members approve $14,457,323 in new loans and grants at its March meeting

Massachusetts Clean Water Trust Board of Trustees members approve $14,457,323 in new loans and grants at its March meeting
For immediate release:
3/06/2023
  • Office of State Treasurer and Receiver General Deborah B. Goldberg
  • The Massachusetts Clean Water Trust

Media Contact   for Massachusetts Clean Water Trust Board of Trustees members approve $14,457,323 in new loans and grants at its March meeting

Andrew Napolitano, Deputy Communications Director, Office of State Treasurer and Receiver General

Picture of a river Commonwealth of Massachusetts Office of the State Treasurer and Receiver General

BostonThe Massachusetts Clean Water Trust’s (the Trust) Board of Trustees approved $14,457,323 in new low-interest loans and grants at its meeting on March 6, 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.

Lead Service Line Planning Program Projects

Grantee

Grant No.

Amount

Avon

DWL-23-10

$75,000

Haverhill

DWL-23-11

$750,000

Lanesborough Fire and Water District

DWL-23-08

$179,300

Lynn Water and Sewer Commission

DWL-23-09

$522,000

Total

$1,526,300


Clean Water Project

Borrower

Loan No.

Amount

Project Title

Interest Rate

Barnstable

CWP-20-23

$12,925,023

Strawberry Hill Road Sewer Expansion

1.5%


School Water Improvement Grant (SWIG)

Grant No.

School District

Fixtures

Award

SWIG-22-10

Hampden-Wilbraham Regional School District

2

$6,000


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/2023-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.

 

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Media Contact   for Massachusetts Clean Water Trust Board of Trustees members approve $14,457,323 in new loans and grants at its March meeting

  • Office of State Treasurer and Receiver General Deborah B. Goldberg 

    Our mission at the Office of the State Treasurer and Receiver General of Massachusetts is to prudently manage and safeguard the state's public deposits and investments through sound business practices for the exclusive benefits of our citizens, and perform these duties with integrity, excellence, and leadership.
  • The Massachusetts Clean Water Trust 

    The Massachusetts Clean Water Trust (the Trust) is a state agency that improves water quality throughout the Commonwealth by providing low-interest loans to municipalities and other eligible entities.
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