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Highland Ridge Water Association Receives Ohio EPA Loan to Extend Water Service, Improve Water Quality, Pressure
Ohio EPA has issued a $717,037 zero-interest loan to Highland Ridge Water Association Inc. to construct the State Route 530 waterline extensions in Salem and Adams townships in Washington County. The project will provide a more reliable, public supply of potable water to approximately 300 people in the area. These customers currently access water from private supplies (wells, cisterns and springs).The project also will improve water supply pressure in the area’s existing water lines.
As part of the loan from Ohio’s Water Supply Revolving Loan Account (WSRLA), the association qualifies for up to $284,115 in principal forgiveness (which does not need to be repaid). A zero percent interest rate on the remaining part of the loan should save an estimated $773,000 over the 30-year life of the loan when compared to financing the project at market rate. The remainder of the total project cost will be financed through a Community Development Block Grant.
The project includes multiple water line extensions to collectively provide more than eight miles of new water lines and 34 new water service connections. A new booster station will be built and the existing booster station will be upgraded. The project also includes a back-up generator. The project is estimated to take a year to complete.
Started in 1998, the Ohio Water Supply Revolving Loan Account has provided more than $1 billion in loans with below-market interest rates for compliance-related improvements to public water systems. The program has saved public water systems more than $175 million in interest. Additionally, the WSRLA can provide technical assistance to public water systems in a variety of areas from the planning, design and construction of improvements to enhancing the technical, managerial and financial capacity of these systems.
This state revolving loan fund is partially supported by federal grants and designed to last indefinitely through repayment of loans and investments in bonds. The loan program is jointly managed by Ohio EPA’s Division of Environmental and Financial Assistance and Division of Drinking and Ground Waters, with assistance from the Ohio Water Development Authority. Ohio EPA is responsible for program development and implementation, individual project coordination, and environmental reviews of projects seeking funds. The Ohio Water Development Authority provides financial management of the fund.
The Ohio Environmental Protection Agency was created in 1972 to consolidate efforts to protect and improve air quality, water quality and waste management in Ohio. In the past 40 years, air pollutants dropped by as much as 90 percent; large rivers meeting standards improved from 21 percent to 89 percent; and hundreds of polluting, open dumps were replaced with engineered landfills and an increased emphasis on waste reduction and recycling. Ohio EPA -- 40 years and moving forward.