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Illinois EPA invests over $70 million in FY 23 1st Quarter wastewater, drinking water projects

Over $11 million in principal forgiveness granted to loan recipients

The Illinois Environmental Protection Agency (Illinois EPA) is announcing the issuance of $70,608,909 in water infrastructure loans to local governments and sanitary districts for the first quarter of Fiscal Year 2023 (July – September 2022). The Illinois EPA State Revolving Fund (SRF) Program provides low-interest loans which fund wastewater, stormwater, and drinking water projects.

Eleven (11) of the thirteen (13) loans qualified for a total of $11,465,025 in Disadvantaged Community Principal Forgiveness, providing additional benefits to those recipients meeting the loan rules for either the Small Community Rate or Hardship Rate.

“The Illinois EPA’s robust State Revolving Fund programs continue to serve as a valuable resource for communities to address ongoing water infrastructure needs,” said Director John J. Kim. “Our programs provide a financial solution for funding infrastructure improvements while protecting Illinois’ water resources.”

Illinois EPA’s SRF includes two loan programs, the Water Pollution Control Loan Program (WPCLP) which funds both wastewater and stormwater projects, and the Public Water Supply Loan Program (PWSLP) for drinking water projects. Both programs provide funding at a low-interest rate of just 1.24 percent for FY23. The programs receive federal capitalization funding annually, which is combined with state matching funds, interest earnings, repayment money, and the sale of bonds, to form the source of financing for these infrastructure projects. The state matching funds for FY2020-2024 are being provided through Governor Pritzker’s bipartisan Rebuild Illinois Capital Plan thus increasing the funding capacity of both loan programs.

A complete list of FY23 first quarter loan recipients appears below. For more information about Illinois EPA’s SRF, visit


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