Press Release

Press Release  Massachusetts Clean Water Trust Board of Trustees members approve $98,567,883 in new loans and grants at its September meeting

For immediate release:
9/07/2022
  • 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

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 $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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Media Contact   for Massachusetts Clean Water Trust Board of Trustees members approve $98,567,883 in new loans and grants at its September 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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