Ohio EPA awards financing to Southeast Ohio communities
Staff Report
Communities in Southeast Ohio are receiving more than $15.1 million in low-interest and principal forgiveness funding from Ohio EPA to improve wastewater and drinking water infrastructure and make other water quality improvements.
According to a news release from Ohio EPA, the loans were approved between Oct. 1 and Dec. 31, 2020. The lower interest rates and principal forgiveness will save these communities more than $10 million.
Statewide, Ohio EPA awarded approximately $303.8 million in loans during the fourth quarter of 2020, including $19.2 million in principal forgiveness. Combined, Ohio communities will save more than $61.2 million when compared to market-rate loans. The projects are improving Ohio’s surface water quality and the reliability and quality of Ohio drinking water systems.
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