Massachusetts Announces $108.1 Million in Loan Forgiveness for 46 Wastewater Projects in 35 Communities
Massachusetts Treasurer Deborah B. Goldberg, chair of the Massachusetts Clean Water Trust, announced in Boston on November 9 that the trust will provide $108,122,538 in loan forgiveness grants for 46 wastewater projects in 35 communities, with total project costs of $716,825,907.
The forgiveness is funded through the federal Bipartisan Infrastructure Law and lowers borrowing costs for municipal water infrastructure; disadvantaged communities qualify for additional forgiveness. Governor Maura Healey and Department of Environmental Protection Commissioner Bonnie Heiple supported the awards.
Established in 1989, the Massachusetts Clean Water Trust has loaned about $10.4 billion for water projects statewide, and about 97 percent of the state's residents have benefited from projects it financed.
Loan forgiveness works as an outright grant: communities do not repay the forgiven principal, which helps keep local water rates lower. (Source: Massachusetts Clean Water Trust)
Source: Massachusetts Clean Water Trust
Published by GSM · USA (original Chinese edition)
Photo: 图片来源：Wikimedia Commons「Charles River Esplanade Boston May 2018 panorama.jpg」（King of Hearts 摄，CC BY-SA 4.0） Image: Wikimedia Commons "Charles River Esplanade Boston May 2018 panorama.jpg" (by King of Hearts, CC BY-SA 4.0)
