Press Release

Press Release  Massachusetts Clean Water Trust Board of Trustees members approves $168,101,585 in new loans and grants at its September meeting.

BOSTON – The Massachusetts Clean Water Trust’s (the Trust) Board of Trustees approved $168,101,585 in new low-interest loans and grants at its meeting on September 6, 2023. Below is information on the grants and loans approved at the meeting.
For immediate release:
9/07/2023
  • 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 approves $168,101,585 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 $168,101,585 in new low-interest loans and grants at its meeting on September 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.

Clean Water Projects

Borrower

Loan No.

Amount

Project Title

Interest Rate

Bridgewater

CWP-21-32

CWP-21-32-A

$40,113,070

Wastewater Treatment Facility Upgrades Phase I

0%

Orleans

CW-19-33

$59,684,200

Downtown Area Collection System and Wastewater Treatment Facility

0%

Spencer

CWP-21-48

CWP-21-48-A

$46,713,406

Wastewater Treatment Facility Upgrades

0%

Total

$146,510,676

Drinking Water Projects

Borrower

Loan No.

Amount

Project Title

Interest Rate

Blandford

DWP-22-31

$1,167,935

Water Treatment Plant Upgrade

2%

Boston Water and Sewer Commission

DW-22-50

$2,473,572

Elimination of Lead Water Services in Boston

0%

Fall River

DWP-23-23

$4,150,000

Lead Service Line Replacement

0%

Mattapoisett River Valley Water District

DWP-23-60

$2,195,000

Procurement of Ultrafiltration System Equipment

2%

Nantucket

DW-22-25

$5,933,945

Water System Expansion West of Nantucket Airport

0%

Yarmouth

DWP-23-18

$3,584,154

Yarmouth Well 4&5 Package PFAS Treatment System

0%

Total

$19,504,606

Asset Management Planning Grants

Grantee

Grant No.

Award

Bedford

CWA-23-05

$67,500

Franklin

CWA-23-04

$150,000

Medway

CWA-23-06

$150,000

Southampton

DWA-23-82

$48,000

Total

$415,500

Lead Service Line Planning Grants

Grantee

Grant No.

Award

Barnstable

DWL-23-88

$292,928

Franklin

DWL-23-07

$143,000

Holyoke Water Works

DWL-23-90

$190,000

Leicester Water & Sewer District

DWL-23-85

$86,600

Middleborough

DWL-23-92

$57,800

Newburyport

DWL-23-86

$207,800

North Raynham Water District

DWL-23-93

$200,000

Northborough

DWL-23-89

$72,300

Tisbury

DWL-23-84

$217,025

West Bridgewater

DWL-23-94

$43,350

West Newbury

DWL-23-83

$75,000

Whitinsville Water Company

DWL-23-87

$85,000

Total

$1,670,803

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/the-disadvantaged-community-program#loan-forgiveness-. 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 $8.25 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 approves $168,101,585 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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