Michigan invests $1 billion in water infrastructure to improve health, environment
(UI) — Over 70 Michigan communities are set to receive critical water system upgrades, thanks to $1.05 billion in low-interest loans from the state’s revolving funds.
The Michigan Department of Environment, Great Lakes, and Energy (EGLE) is funding 72 projects under the Drinking Water and Clean Water State Revolving Funds in fiscal year 2024.
These projects aim to provide safe drinking water and reduce water contamination. The loans, at below-market interest rates, include $147.3 million in principal forgiveness for financially challenged communities. However, demand for funds exceeded availability, reflecting the urgent need for infrastructure improvements.
“While we couldn’t meet all the requests, it’s rewarding to see these projects move forward,” said Paul McDonald, EGLE’s chief financial officer.
For more information, communities can visit the SRF visual dashboard.
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