- 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 $98,567,883 in new loans and grants at its September meeting
Andrew Napolitano, Deputy Communications Director, Office of State Treasurer and Receiver General
Boston — The Massachusetts Clean Water Trust’s (the Trust) Board of Trustees approved $98,567,883 in new grants and low-interest loans at its meeting on September 7, 2022. Below is information on the grants and loans approved at the meeting.
Announced in June, the Trust is offering $20 million in loans with 100% loan forgiveness for planning activities assisting public water suppliers with completing planning projects for lead service line inventories and replacement programs. Millis’ lead service line inventory and revised replacement plan is the second of this kind to be approved by the Board of Trustees. The loan is expected to be fully forgiven once the project is completed.
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 |
Acton |
CW-21-41 |
$3,466,850 |
Acton Middle Fort Pond Brook Wastewater Treatment Facility Upgrades |
1.5% |
Spencer |
CWP-21-48 and CWP-21-48-A |
$46,713,406 |
Spencer Wastewater Treatment Facility Upgrades |
2% |
Total |
$50,180,256 |
|
|
Lead Service Line Planning Program Project
Borrower |
Loan No. |
Amount |
Project Title |
Interest Rate |
Loan Forgiveness |
Millis |
DWL-22-14 |
$139,000 |
Lead Service Line Inventory & Replacement Plan |
2% |
100% |
Drinking Water Projects
Borrower |
Loan No. |
Amount |
Project Title |
Interest Rate |
Eastham |
DWP-19-06 and DWP-20-23 |
$24,675,439 |
Phase 2B of Town-Wide Water System and Eastham Water System - Phase 2C |
2% |
Peabody |
DWP-20-10 |
$11,569,061 |
Winoma & Coolidge Wastewater Treatment Plant Improvements |
2% |
Springfield Water and Sewer Commission |
DWP-21-03 |
$11,573,681 |
Clearwell and Backwash Pump Station Replacement |
2% |
Total |
$47,818,181 |
|
|
Asset Management Planning Grant
Grantee |
Grant No. |
Award |
Agawam |
CWA-22-15 |
$120,000 |
North Brookfield |
CWA-22-13 |
$110,446 |
Total |
$230,446 |
Community Septic Management Program
Loan |
Loan No. |
Award |
Rowley |
CWT-22-14 |
$200,000 |
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/info-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.
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