Massachusetts Clean Water Trust Board of Trustees Members Approve $3,779,756 in New Loans at Its March Meeting

BOSTON — The Massachusetts Clean Water Trust’s (the Trust) Board of Trustees approved $3,779,756 in new loan commitments at its meeting on March 2, 2022. Below is information on the loan commitments 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
Chatham	CW-19-47	$1,219,756	Chatham Sewer Extension	0%
Lakeville	CWT-22-01	$960,000	Community Septic Management Program	2%
Plymouth	CWT-22-02	$300,000	Community Septic Management Program	2%
Revere	CW-20-28	$1,300,000	Revere Phase 12 Illicit Discharge Investigations	2%
	Total	$3,779,756

For More Information

For more information on our different loan programs, please visit the Special Programs page at https://www.mass.gov/special-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.

###