Communities in Northwest Ohio are receiving more than $41.6 million in low-interest rate and principal forgiveness funding from Ohio EPA to improve wastewater and drinking water infrastructure and make other water quality improvements.
Ottawa, which supplies water to Bluffton, is receiving $8.27 million to improve the city’s drinking water treatment plant building’s interior and exterior, including measures to help address the potential impact of harmful algal blooms on the water system. This loan includes $3.78 million in principal forgiveness, which does not have to be repaid.
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 a market-rate loan.
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 stormwater, 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 make restoration and protection possible for 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, 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.
