Press Release: 2022-08-05

Massachusetts Clean Water Trust Board of Trustees members approve $153,857,953 in new loans and grants at its August meeting

Massachusetts Clean Water Trust Board of Trustees members approve $153,857,953 in new loans and grants at its August meeting



FOR IMMEDIATE RELEASE:



8/03/2022




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



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



BOSTON — The Massachusetts Clean Water Trust’s (the Trust) Board of Trustees approved $153,857,953 in new grants and low-interest loans at its meeting on August 3, 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. Fall River’s lead service line inventory and revised replacement project marks the first project 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



Loan Program



Bridgewater



CWP-21-32 and CWP-21-32-A



$40,113,070



Wastewater Treatment Facility Upgrades Phase I



1.5%



Housing Choice



Chatham



CW-21-38



$3,598,348



2021 Chatham Stormwater Improvement Projects



0%



Nutrient Removal



Fall River



CWP-21-50



$2,026,795



Wilson Road Sewer Pump Station Replacement



1.5%



Housing Choice



Revere



CWP-21-35 and CWP-21-35-A



$5,540,788



Phase 12 Construction – Infiltration and Inflow, Illicit Discharge Detection & Elimination, Pump Station & Drainage



2%



Clean Water



Taunton



CWP-20-21



$29,983,598



Taunton Wastewater Treatment Facility Upgrade Phase I



0%



Nutrient Removal



Taunton



CWP-21-43



$49,793,748



Taunton Wastewater Treatment Facility Upgrade Phase II



0%



Nutrient Removal



Taunton



CWP-21-44



$10,460,456



Taunton Main Lift Pump Station Improvements Phase III



0%



Nutrient Removal



Total



$141,516,803



 



 



 






Lead Service Line Planning Program Project

































Borrower



Loan No.



Amount



Project Title



Interest Rate



Loan Forgiveness



Loan Program



Fall River



DWL-22-12



$750,000



Lead Service Line Inventory & Revised Replacement



1.5%



100%



Housing Choice



Total



$750,000



 



 



 



 




 

Drinking Water Projects














































Borrower



Loan No.



Amount



Project Title



Interest Rate



Loan Program



Dudley



DWP-20-25



$4,600,000



Dudley Drinking Water System Improvements



2%



Drinking Water



Fall River



DWP-22-11



$1,841,575



Wilson Road Booster Pumping Station



1.5%



Housing Choice



New Bedford



DWP-21-18



$5,022,975



Braley Station Transmission Main Reinforcement



2%



Drinking Water



Total



$11,464,550



 



 



 






Asset Management Planning Grant
























Grantee



Grant No.



Award



Project Title



Acton



CWA-22-11



$126,600



Acton Stormwater Drainage System Asset Management Plan



Total



$126,600



 






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/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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