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Southwest Ohio Communities Receive $2.4 Million in Financing from Ohio EPA for Wastewater, Drinking Water Infrastructure Improvements
Communities in Southwest Ohio are receiving more than $2.4 million in low-interest and principal forgiveness funding from Ohio EPA to improve wastewater and drinking water infrastructure and make other water quality improvements. The loans were approved between July 1 and Sept. 30, 2018.
The lower interest rates and principal forgiveness will save these communities $350,000. Statewide, Ohio EPA awarded approximately $174 million in loans during the third quarter of the year, including $6.6 million in principal forgiveness. Combined, Ohio communities will save more than $34.3 million when compared to market-rate loans.
The following Southwest Ohio projects are receiving funding:
- Hamilton is receiving $1.3 million to replace sanitary sewer lines in multiple locations in the city.
- Hamilton County is receiving $1 million to upgrade the Glenview sanitary sewer pump station.
- Mechanicsburg is receiving $49,000 in principal forgiveness funding to replace a failing diesel generator and switch at the wastewater treatment plant.
- Aberdeen is receiving two interest-free loans to design sewer projects. One is a $73,800 loan for wastewater treatment plant improvements that will include replacing the ultraviolet disinfection system, installing an effluent sampler and a raw water screen. The second loan is for $15,900 to design the extension of sewer lines to serve the Stivers Road and River Road areas and eliminate failing septic systems.
Created in 1989, the Water Pollution Control Loan Fund (WPCLF) helps communities improve their wastewater treatment systems. The Water Supply Revolving Loan Account (WSRLA), started in 1998, provides loans for improvements to community drinking water systems and nonprofit, noncommunity public water systems. Both programs offer below-market interest rate loans, which can save communities a substantial amount of money compared to market-rate loans.
Ohio EPA’s state revolving fund (SRF) loans are provided to communities to build and upgrade wastewater and drinking water infrastructure, upgrade home sewage treatment systems, better manage storm water, address combined sewer overflows and implement other water quality-related projects. Financial assistance helps support planning, design and construction activities and enhances the technical, managerial and financial capacity of these systems. WPCLF loans also make possible the restoration and protection of some of Ohio’s highest quality water bodies through the fund’s Water Resource Restoration Sponsor Program.
Ohio’s SRF loan programs are partially supported by annual federal capitalization grants and have grown substantially over time because of the revolving nature of the loan issuance and payments back into the fund. The SRF programs are managed by Ohio EPA’s Division of Environmental and Financial Assistance, with assistance from the Ohio Water Development Authority. Ohio EPA is responsible for program development and implementation, individual project coordination, and environmental and other technical reviews/approvals of projects seeking funds. The Ohio Water Development Authority provides financial management of the SRF funds.
More information about the SRF loan program is available at: epa.ohio.gov/defa/EnvironmentalandFinancialAssistance.aspx.
The Ohio Environmental Protection Agency was created in 1972 to consolidate efforts to protect and improve air quality, water quality and waste management in Ohio. Since then, air pollutants dropped by as much as 90 percent; large rivers meeting standards improved from 21 percent to 89 percent; and hundreds of polluting, open dumps were replaced with engineered landfills and an increased emphasis on waste reduction and recycling.