The Illinois Environmental Protection Agency (Illinois EPA) has announced the issuance of $182,222,203 in water infrastructure loans to local governments and sanitary districts for the third quarter of Fiscal Year 2022 (January – March 2022).
The Illinois EPA State Revolving Fund (SRF) Program provides low-interest loans, which fund wastewater, stormwater and drinking water projects. Twenty of the 33 loans qualified for a total of $8,571,149.62 in Disadvantaged Community Principal Forgiveness, providing additional benefits to those recipients meeting the loan rules for either the Small Community Rate or Hardship Rate. These projects are in addition to more than $9.6 million of funding and principal forgiveness already announced for lead service line replacement projects issued by Illinois EPA in the third quarter.
For more on the grant, please see this week’s print edition.