• Andrew Napolitano

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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MEDIA CONTACTS

Carla Kath

Director of Communications

(617) 367-6900 x241

Cell:  (857) 303-6300

Carla.C.Kath@tre.state.ma.us

Andrew Napolitano

Deputy Communications Director

(617) 367-9333 x614

Cell: (781) 403-0600

Andrew.S.Napolitano

@tre.state.ma.us

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