Massachusetts Clean Water Trust Board of Trustees Members Approve $138,908,605 in New Loans at Its April Meeting

BOSTON — The Massachusetts Clean Water Trust’s (the Trust) Board of Trustees approved $138,908,605 in new low-interest loans at its meeting on April 6, 2022. Below is information on the low-interest 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 in the form of loan forgiveness 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
Chatham	CW-19-47	$11,483,337	Chatham Sewer Extension	0%	0% Nutrient Reduction Loan
Chatham	CW-19-47-A	$1,952,547	Chatham Sewer Extension	0%	0% Nutrient Reduction Loan
Lynn Water and Sewer Commission (LWSC)	CWP-20-50	$53,643,989	West Lynn Sewer Separation	2%	Clean Water
LWSC	CWP-21-22	$70,328,732	Wastewater Treatment Facility Capital Improvements	2%	Clean Water
Middleborough	CWT-22-03	$500,000	Community Septic Management Program	2%	​Community Septic Management Program
​Millbury	CWP-21-21	$1,000,000	Year 1 to Year 4 Sewer Rehabilitation Project	2%	Clean Water
Total		​$138,908,605

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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