DES MOINES – Twenty-nine Iowa cities will benefit from a combined total of more than $33.7 million in low-cost water quality loans through the State Revolving Fund. State Revolving Fund construction loans are a low-cost construction financing option available for Iowa cities and municipalities for water quality initiatives. Planning and design loans are zero percent loans that assist with the first-phase of project expenses. The Iowa Finance Authority and the Iowa Department of Natural Resources jointly administer the State Revolving Fund.
Seymour in Wayne County received $343,000 for clean water construction.
The State Revolving Fund has awarded Iowa communities and municipalities more than $2.1 billion in construction loans and $130 million through planning and design loans since program inception. The loans are made available as part of the State Revolving Fund. For more information on planning and design loans, as well as other State Revolving Fund programs, visit IowaSRF.com.
The SRF assists communities with the costs of upgrading or constructing local wastewater and drinking water infrastructure project.