TALLAHASSEE, FL, May 4, 2016 -- The Florida Department of Environmental Protection has awarded nearly $12 million in low-interest loans to South Florida communities for drinking water projects. Loans were awarded through the Drinking Water State Revolving Fund program, which assists communities with projects that protect the safety of drinking water in their area.
The Drinking Water State Revolving Fund Program provides low-interest loans to eligible entities for planning, designing and constructing public water facilities. DWSRF has awarded more than $273 million in funding for 62 drinking water improvement projects during the past five years for a total of $925 million in loan funds since its inception in 1998.
One of the benefits of DWSRF loans is that a large part of the loan is forgiven and does not need to be paid back by the community. More than $5 million from some of the projects listed above requires no repayment.
