Ohio EPA Unveils 2018 Water Pollution Control Loan Fund Program Management Plan
Ohio EPA has finalized the 2018 Program Management Plan for the Water Pollution Control Loan Fund (WPCLF), which provides financial and technical assistance for projects that improve the quality of Ohio’s rivers, streams, lakes and other water bodies. As part of the 2018 plan, the agency is offering an additional $50 million (interest-free) to promote regional approaches to managing wastewater infrastructure.
Since 2011, Ohio has invested more than $3.7 billion in key infrastructure and other projects through the WPCLF to improve water quality statewide. For this coming year, Ohio EPA received project nominations totaling more than $1.7 billion, and will make loan funds available to all applicants that meet program requirements. Additionally, up to $29.8 million will be available in 2018 for principal forgiveness (the portion of a loan that a borrower does not have to repay).
Except for planning, design and nutrient reduction loans, all projects eligible to receive 2018 funding must have been nominated by Aug. 31, 2017. The primary sources of WPCLF assistance are proceeds from bond issues, available loan repayments and federal capitalization grants. Ohio EPA may issue revenue bonds to help in meeting the coming year’s funding requests.
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