Press Release: 1/9/2025
Massachusetts Clean Water Trust Board of Trustees approves $73,733,811 in new loans and grants at its January meeting.
Massachusetts Clean Water Trust Board of Trustees approves $73,733,811 in new loans and grants at its January meeting.
FOR IMMEDIATE RELEASE:
1/08/2025
MEDIA CONTACT
Andrew Napolitano, Communications Director, Office of State Treasurer and Receiver General
Phone
Online
BOSTON — The Massachusetts Clean Water Trust’s (the Trust) Board of Trustees approved $73,733,811 in new low-interest loans and grants at its meeting on January 8, 2025. 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 |
| Holyoke | CWP-23-51 | $10,500,000 | River Terrace Sewer Separation Project Phase 1 | 2% |
| Shrewsbury | CW-23-22 | $9,806,249 | Rolfe & Maple Ave. Pump System Upgrade and Force Main Replacement | 1.5% |
| Somerset | CWP-23-31 | $5,024,834 | Somerset Wastewater Pump Station Upgrades | 2% |
| TOTAL | $25,331,083 | |||
| CLEAN WATER PROJECTS | ||||
|---|---|---|---|---|
| BORROWER | LOAN NO. | AMOUNT | PROJECT TITLE | INTEREST RATE |
| DRINKING WATER PROJECTS | ||||
|---|---|---|---|---|
| BORROWER | LOAN NO. | AMOUNT | PROJECT TITLE | INTEREST RATE |
| Boston Water and Sewer Commission | DWLC-22-50 | $9,428,874 | Elimination of Lead Water Services in Boston | 0% |
| Groton | DWEC-24-80 | $12,195,914 | Groton Water System Expansion | 0% |
| Millis | DWPEC-24-42 | $3,615,499 | Village Street Water Treatment Plant PFAS Upgrades | 0% |
| Woburn | DWPEC-23-116 DWPEC-24-93 | $21,999,965 | Horn Pond Water Treatment Plant PFAS Removal | 0% |
| TOTAL | $47,240,252 | |||
| DRINKING WATER PROJECTS | ||||
|---|---|---|---|---|
| BORROWER | LOAN NO. | AMOUNT | PROJECT TITLE | INTEREST RATE |
| ASSET MANAGEMENT PLANNING GRANTS | ||
|---|---|---|
| GRANTEE | GRANT NO. | AWARD |
| Bellingham | CWA-24-72 | $89,820 |
| Holden | CWA-24-73 | $75,000 |
| Hopedale | CWA-24-75 | $150,000 |
| Nantucket | CWA-24-65 | $150,000 |
| Orange | CWA-24-26 | $150,000 |
| Orange | DWA-24-45 | $109,515 |
| Plainville | CWA-24-88 | $150,000 |
| Westminster | CWA-24-85 | $129,141 |
| Westwood | CWA-24-15 | $150,000 |
| TOTAL | $1,153,476 | |
| ASSET MANAGEMENT PLANNING GRANTS | ||
|---|---|---|
| GRANTEE | GRANT NO. | AWARD |
| SCHOOL WATER IMPROVEMENT GRANTS (SWIG) | |||
|---|---|---|---|
| SCHOOL | GRANT NO. | FIXTURES | AWARD |
| St. Raphael Parish School | SWIG-25-01 | 3 | $9,000 |
| SCHOOL WATER IMPROVEMENT GRANTS (SWIG) | |||
|---|---|---|---|
| SCHOOL | GRANT NO. | FIXTURES | AWARD |
For More Information
For more information on our different loan programs, please visit the SRF Programs page at https://www.mass.gov/srf-programs and for more information on our Loan Forgiveness Program, please visit https://www.mass.gov/info-details/the-disadvantaged-community-loan-forgiveness-program. To learn about past meetings or find project descriptions, please visit: https://www.mass.gov/info-details/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 $9.1 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.