Press Release: 3/6/2025
Massachusetts Clean Water Trust Board of Trustees approves $51,798,509 in new loans and grants at its March meeting
Massachusetts Clean Water Trust Board of Trustees approves $51,798,509 in new loans and grants at its March meeting
FOR IMMEDIATE RELEASE:
3/05/2025
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 $51,798,509 in new low-interest loans and grants at its meeting on March 5, 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 |
| Dennis | CWP-24-79 | $50,000,000 | Phase 1 – WRRF and Collection System | 2% |
| Revere | CW-24-90 | $1,000,000 | Phase 15 Field Investigations | 2% |
| TOTAL | $51,000,000 | |||
| CLEAN WATER PROJECTS |
|---|
| COMMUNITY SEPTIC MANAGEMENT PROGRAM | |||
|---|---|---|---|
| BORROWER | LOAN NO. | AMOUNT | INTEREST RATE |
| Kingston | CWT-25-02 | $400,000 | 2% |
| Stoughton | CWT-25-01 | $100,000 | 2% |
| TOTAL | $500,000 | ||
| COMMUNITY SEPTIC MANAGEMENT PROGRAM |
|---|
| ASSET MANAGEMENT PLANNING GRANTS | ||
|---|---|---|
| GRANTEE | GRANT NO. | AWARD |
| Canton | CWA-24-69 | $97,509 |
| Wrentham | CWA-24-71 | $150,000 |
| TOTAL | $247,509 | |
| ASSET MANAGEMENT PLANNING GRANTS |
|---|
| SCHOOL WATER IMPROVEMENT GRANTS (SWIG) | |||
|---|---|---|---|
| SCHOOL | GRANT NO. | FIXTURES | AWARD |
| Cheverus Catholic School | SWIG-25-02 | 2 | $6,000 |
| Quincy Catholic Academy | SWIG-25-03 | 3 | $9,000 |
| Pembroke Public Schools | SWIG-25-04 | 6 | $18,000 |
| Sacred Heart School | SWIG-25-05 | 2 | $6,000 |
| South Shore Vocational Technical High | SWIG-25-06 | 2 | $6,000 |
| TOTAL | $45,000 | ||
| SCHOOL WATER IMPROVEMENT GRANTS (SWIG) |
|---|
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.