Roswell will receive a $1 million loan to construct new water treatment projects and to help finance the purchase of land along Holcomb Bridge Road for permanent conservation.
The city was awarded a Clean Water State Revolving Fund earlier this week from the Georgia Environment Finance Authority.
The news was announced by State Senator John Albers (R – Roswell).
“I commend GEFA for awarding this important financing to our local community,” Albers said in a statement. “Roswell has grown significantly in a recent number of years, and so have the needs of our citizens. This money will continue to keep infrastructure up-to-date so that the quality of life for Roswell residents continues to thrive.”
The loans from the Clean Water State Revolving Fund come from the United States Environmental Protection Agency. The program is funded jointly by the EPA and the state of Georgia.
The loans are low-cost financing grants that fund wastewater infrastructure and water pollution control. Projects that receive funds pay back a small percentage interest on the loans rewarded.
According to the EPA, the Clean Water State Revolving Fund has provided more than $118.7 billion to communities across the country since 1987.
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