EPA gives Oklahoma $10.79 million for Clean Water Revolving Loan Fund
Using the funding from the EPA, the Oklahoma Water Resources Board will be able to issue low-interest, flexible loans to communities in need of wastewater infrastructure improvements. These loans allow the communities to undertake projects at significant savings as compared to conventional market rate loans.
Improving wastewater infrastructure can benefit communities through improving water quality in their local waterways and benefitting the aquatic habitats dependent on them. Improvement projects can also protect recreational usage of waterways, preserve drinking water sources and improve public health in the area by reducing the risk of hazards like raw sewage discharges.
The CWSRF has been assisting states fund projects in their communities for more than 25 years, providing approximately $105.4 billion through 34,900 loans since 1987.