Illinois EPA invests over $65.6 million in wastewater and drinking water projects in second quarter of FY22

The Illinois Environmental Protection Agency (Illinois EPA) has announced the issuance of more than $65.6 million in water infrastructure loans to local governments and sanitary districts for the second quarter of Fiscal Year 2022 (October – December). The Illinois EPA State Revolving Fund Program provides low-interest loans, which fund wastewater, stormwater, and drinking water projects. Three of the loan recipients qualified for a total of more than $3 million in principal forgiveness, providing additional benefits to those recipients. This is in addition to more than $5.3 million of funding recently announced for lead service line replacement projects issued by Illinois EPA in the second quarter.

“Communities throughout Illinois continue to face the challenges of aging wastewater and drinking water infrastructure. The Illinois EPA State Revolving Fund provides cost-saving loans to communities and water reclamation districts to meet the needs of their residents and customers.”

Director John J. Kim, Director, Illinois EPA

Illinois EPA’s State Revolving Fund includes two loan programs, the Water Pollution Control Loan Program (WPCLP) which funds both wastewater and stormwater projects, and the Public Water Supply Loan Program (PWSLP) for drinking water projects. The programs receive federal capitalization funding annually, which is combined with state matching funds, interest earnings, repayment money, and the sale of bonds, to form the source of financing for these infrastructure projects. The state matching funds for FY2020-2024 are being provided through Governor Pritzker’s bipartisan Rebuild Illinois Capital Plan thus increasing the funding capacity of both loan programs. Projects funded in FY22 receive an interest rate of just 1.11% for both wastewater and drinking water loans.

A complete list of FY22 second quarter loan recipients and more information about
Illinois EPA’s State Revolving Fund
are available on the Illinois EPA website.

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