$189 Million Approved to Fund Water Infrastructure Projects

Governor Kathy Hochul today announced that the State Environmental Facilities Corporation Board of Directors has approved more than $189 million in funding for nine municipalities and public authorities for critical wastewater and drinking water infrastructure projects. The funding approved by the Board includes short-term financing and previously announced grants that will allow communities to access the capital needed to get their projects underway, as well as a long-term loan conversion that refinances an existing project for up to thirty years to reduce the debt burden on the municipality and help save taxpayer dollars.

Source: The Office of the Governor