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

FOR IMMEDIATE RELEASE:

8/03/2022

Office of State Treasurer and Receiver General Deborah B. Goldberg

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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