Nearly $83 Million Awarded for Water Quality Projects in Iowa

The Iowa Finance Authority and the Iowa Department of Natural Resources have awarded low-interest water quality loans totaling more than $82.8 million to 26 communities 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 & Design Loans are zero percent loans that assist with the first- phase of project expenses.

“The Iowa Finance Authority is proud to partner with the Iowa Department of Natural Resources to offer programs to assist Iowa communities in improving their waste water or drinking water infrastructure,” said Iowa Finance Authority Executive Director Dave Jamison. “The State Revolving Fund’s affordable financing benefitted nearly 712,000 Iowans in last fiscal year alone and is poised to assist many more in the years ahead.

The State Revolving Fund has awarded Iowa communities and municipalities with more than $2.8 billion in Construction Loans and more than $175 million through Planning & Design Loans since the program’s inception in 2013.