Massachusetts Clean Water Trust Board of Trustees approves $51,798,509 in new loans and grants at its March meeting.
March 5, 2025FOR IMMEDIATE RELEASE
March 5, 2025
MEDIA CONTACT
Mikaela Cole
Deputy Director of Communications
Mikaela.r.cole@tre.state.ma.us
(781) 901-5959
Massachusetts Clean Water Trust Board of Trustees approves $51,798,509 in new loans and grants at its March meeting.
BOSTON – The Massachusetts Clean Water Trust’s (the Trust) Board of Trustees approved $51,798,509 in new low-interest loans and grants at its meeting on March 5, 2025. Below is information on the grants and loans approved at the meeting.
The Trust, in collaboration with the Massachusetts Department of Environmental Protection (MassDEP), helps communities build or replace water infrastructure that enhances ground and surface water resources, ensures the safety of drinking water, protects public health and develops resilient communities. It accomplishes these objectives by providing low-interest loans and grants to cities, towns and water utilities through the Massachusetts State Revolving Funds (SRFs). The SRF programs are partnerships between the United States Environmental Protection Agency and the Commonwealth of Massachusetts. SRFs function like an environmental infrastructure bank by financing water infrastructure projects in cities and towns across the Commonwealth.
CLEAN WATER PROJECTS
BORROWER LOAN NO. AMOUNT PROJECT TITLE INTEREST RATE
Dennis CWP-24-79 $50,000,000 Phase 1 – WRRF and Collection System 2%
Revere CW-24-90 $1,000,000 Phase 15 Field Investigations 2%
TOTAL $51,000,000
COMMUNITY SEPTIC MANAGEMENT PROGRAM
BORROWER LOAN NO. AMOUNT INTEREST RATE
Kingston CWT-25-02 $400,000 2%
Stoughton CWT-25-01 $100,000 2%
TOTAL $500,000
ASSET MANAGEMENT PLANNING GRANTS
GRANTEE GRANT NO. AWARD
Canton CWA-24-69 $97,509
Wrentham CWA-24-71 $150,000
TOTAL $247,509
SCHOOL WATER IMPROVEMENT GRANTS (SWIG)
SCHOOL GRANT NO. FIXTURES AWARD
Cheverus Catholic School SWIG-25-02 2 $6,000
Quincy Catholic Academy SWIG-25-03 3 $9,000
Pembroke Public Schools SWIG-25-04 6 $18,000
Sacred Heart School SWIG-25-05 2 $6,000
South Shore Vocational Technical High SWIG-25-06 2 $6,000
TOTAL $45,000
For More Information
For more information on our different loan programs, please visit the SRF Programs page at https://www.mass.gov/srf-programs and for more information on our Loan Forgiveness Program, please visit https://www.mass.gov/info-details/the-disadvantaged-community-loan-forgiveness-program. To learn about past meetings or find project descriptions, please visit: https://www.mass.gov/info-details/board-of-trustees-meeting-information. For information on how to apply for an SRF loan, please visit MassDEP’s website at https://www.mass.gov/lists/state-revolving-fund-applications-forms
About the Clean Water Trust
Since its establishment in 1989, the Trust has loaned nearly $9.1 billion to improve and maintain the quality of water in the Commonwealth. An estimated 97 percent of Massachusetts’ residents have benefited from the financial assistance of the Trust.
