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Lorain Replacing Water Mains with Ohio EPA Assistance
Lorain is installing new water mains in the South Lorain neighborhood with a low-interest loan from Ohio EPA.
This project includes replacing aged and deteriorating water mains in the South Lorain neighborhood, which will help ensure reliable delivery of water and avoid frequent repair costs associated with older water mains.
Created in 1998, the Water Supply Revolving Loan Account (WSRLA) provides below-market interest rate loans for improvements for community drinking water systems and nonprofit, noncommunity public water systems. Lorain is receiving a $3.8 million low-interest loan from Ohio EPA. This will save the city an estimated $795,000 when 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 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. Water Pollution Control Loan Fund 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.