Massachusetts Clean Water Trust Board of Trustees members approves $79,430,568 in new loans and grants at its May meeting.
The Massachusetts Clean Water Trust’s (the Trust) Board of Trustees approved $79,430,568 in new low-interest loans and grants at its meeting on May 1, 2024. 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 |
|
|
Massachusetts Water Resources Authority (MWRA) |
CW-22-06 |
$6,890,572 |
Nut Island Headworks Odor Control & HVAC |
2% |
|
|
MWRA |
CW-22-08, CW-23-61 |
$43,114,486 |
Deer Island Treatment Plant Clarifier #2 |
2% |
|
|
MWRA |
CW-22-09 |
$1,994,942 |
City of Chelsea’s CHE008 Regulator Pipeline Replacement Improvement |
2% |
|
|
Total |
$52,000,000 |
|
|
|
DRINKING WATER PROJECTS |
|||||
|
Borrower |
Loan No. |
Amount |
Project Title |
Interest Rate |
|
|
MWRA |
DW-22-37, DW-23-142 |
$23,031,652 |
Section 23, 24, 47 Water Mains Rehab |
2% |
|
|
COMMUNITY SEPTIC MANAGEMENT PROGRAM |
|||
|
Borrower |
Loan No. |
Amount |
Interest Rate |
|
Hanson |
CWT-24-04 |
$500,000 |
2% |
|
LEAD SERVICE LINE PLANNING GRANTS |
||
|
Grantee |
Grant No. |
Award |
|
Boylston Water District |
DWL-24-16 |
$75,000 |
|
Brockton |
DWL-22-54 |
$640,000 |
|
Canton |
DWL-24-19 |
$385,080 |
|
Fall River |
DWL-22-12 |
$1,150,000 |
|
Hamilton |
DWL-22-60 |
$241,800 |
|
Hingham |
DWL-24-18 |
$475,036 |
|
Lowell |
DWL-24-06 |
$123,300 |
|
North Attleborough |
DWL-24-17 |
$531,000 |
|
Southwick |
DWL-23-64 |
$231,300 |
|
Wellesley |
DWL-24-07 |
$16,400 |
|
Total |
$3,868,916 |
|
SCHOOL WATER IMPROVEMENT GRANTS (SWIG) |
|||
|
School District |
Grant No. |
Fixtures |
Award |
|
Academy Preschool |
SWIG-24-15 |
2 |
$6,000 |
|
Applewild School Inc. |
SWIG-24-16 |
4 |
$12,000 |
|
Holy Family Academy |
SWIG-24-17 |
2 |
$6,000 |
|
Melrose Day Care Center Inc. |
SWIG-24-18 |
1 |
$3,000 |
|
Suzy’s School Inc. |
SWIG-24-19 |
1 |
$3,000 |
|
Total |
$30,000 |
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/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 $8.6 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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