WBNOWQCT Your favorite Rock & Classics!
The Ohio Water Development Authority (OWDA) awarded $11.7 million through
low interest loans to Ohio communities to improve wastewater and drinking water
infrastructure and make water quality improvements for Ohioans. For the month of
October, the Authority funded 10 projects that will provide improvements and replace
aging infrastructure. The10 awarded projects received an interest rate ranging from
1.87% to 3.78%.
For October 2024, receiving funding from OWDA’s Fresh Water Loan Program:
The Village of Pioneer in Williams County is receiving $847,005.00 at 3.31%
for 20 years for the construction of 1,800 feet of waterline and 1,700 feet of
storm sewer along Cedar and Dearborn Streets to replace aging waterlines
and sewers.
The State of Ohio created the OWDA to provide funding for construction of public water
and wastewater infrastructure in Ohio. Since its creation in 1968, OWDA has pursued
borrowing that assure the OWDA the lowest cost of funds in order to maintain low
borrowing rates for the local governments of Ohio. These low borrowing rates allow
local governments to construct necessary water and sewer improvements while
minimizing the impact to user charges.
More information about OWDA’s financing programs is available at www.owda.org.