FROM: Oregon Department of Environmental Quality
Making water treatment projects more accessible to Oregon communities: New financing option now available
Longer-term financing from DEQ allows repayment terms up to 30 years
Communities throughout Oregon – particularly communities operating with limited funds – now have a new option to help them finance much-needed wastewater and other water treatment improvement projects. The Oregon Environmental Quality Commission has unanimously approved amended state rules which allow for longer-term financing for projects eligible under the state’s Clean Water State Revolving Fund program.
A recent U.S. Environmental Protection Agency survey documented Oregon needing nearly $5 billion to address water quality infrastructure needs.