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MEDIA CONTACT: Dina Pierce
CITIZEN CONTACT: Heather Lauer
New Waterford Improving Drinking Water System with Financing from Ohio EPA
New Waterford is improving the village’s drinking water treatment and distribution system in a project financed with an interest-free loan from Ohio EPA.
The project will upgrade the water treatment plant by replacing chemical feed equipment, pressure filters, a blower, high-service pumps and electrical and control systems. The village also will add a mixing and data system to both elevated storage tanks and replace deteriorated distribution pipes along two roads.
Created in 1998, the Water Supply Revolving Loan Account (WSRLA) provides below-market interest rate loans for compliance-related improvements for community water systems and nonprofit, non-community public water systems. The project is receiving a total of $1.78 million from Ohio EPA. Of that, $900,000 is being loaned interest-free with the remaining $885,000 of the principal forgiven. This will save the village an estimated $1.92 million when compared to a market rate loan. Additionally, the village is receiving a $426,000 Ohio Public Works Commission grant and a $200,000 Appalachian Regional Commission grant to help pay for the project.
Projects eligible for WSRLA funding include design and construction loans for new, replaced, rehabilitated, upgraded or expanded water treatment plants and their components. In addition, the WSRLA can provide technical assistance to public drinking water systems in a variety of areas from the planning, design and construction of improvements to enhancing the technical, managerial and financial capacity of these systems.
Ohio EPA’s revolving loan funds are partially supported by federal grants and designed to last indefinitely through repayment of loans and investments in bonds. The WSRLA is 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 or approvals of projects seeking funds. The Ohio Water Development Authority provides financial management of the fund.
More information about the WSRLA 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.