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Village of Lowville Receives $16.2 Million in Grants & Low Interest
Loans From State for Wastewater Projects
02/10/17 09:00am
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    Albany, NY- Governor Andrew M. Cuomo announced yesterday that the New
    York State Environmental Facilities Corporation Board of Directors approved
    more than $40 million in grants and interest-free and low-cost loans to support
    vital wastewater infrastructure projects across New York State.

    “This funding will support local wastewater infrastructure projects that protect
    the environment, create jobs and bolster resiliency in communities across New
    York,” Governor Cuomo said. “With our major investments in water
    infrastructure, we are ensuring a stronger, healthier New York for generations
    to come.”

    Recognizing that demand continues to exceed available resources, the FY
    2018 Executive Budget includes the proposed Clean Water Infrastructure Act of
    2017 which will invest $2 billion in clean water infrastructure and source water
    protection. This will bolster the funds available for grants through the Water
    Infrastructure Improvement Act of 2015 and other important water quality
    initiatives.

    Today’s Board approval will provide much needed financial assistance for
    seven wastewater projects in Upstate New York and on Long Island, including
    over $4.7 million in grants that were awarded in the second round of funding
    made available pursuant to the Water Infrastructure Improvement Act. The
    grants, along with the interest-free and low-interest loans provided by EFC
    allows municipalities to finance these projects at a significantly lower rate than
    financing on their own. Nearly 60 percent of the loans approved today are
    interest free.

    The Village of Lowville received the following funding:

    Village of Lowville (Lewis County) - $10.9 million ($2.7 million NYS Water Grant
    and a $8.2 zero-interest loan) to finance costs associated with the planning,
    design and construction of the Village of Lowville's five streets sanitary sewer
    repair, replacement, and separation project.

    Village of Lowville (Lewis County) - $5.3 million ($1.25 million NYS Water Grant
    and a $4.1 million zero-interest loan) to finance costs associated with the
    planning, design and construction of the Village of Lowville's wastewater
    treatment plant improvements project.
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