The Ohio Water Development Authority (OWDA) awarded $6.0 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 August, the Authority funded 5 projects that will provide improvements and replace aging infrastructure. The 5 awarded projects received an interest rate ranging from 3.16% to 3.29%.

For August 2022, the following Ohio communities are receiving funding from OWDA’s Fresh Water Loan Program:

· The Village of Payne in Paulding County is receiving $66,038.00 at 3.16% for 20 years for the construction of 1,400 feet of waterline along Plainfield Drive to replace aging waterlines.

· The City of Germantown in Montgomery County is receiving $1,750,000.00 at 3.29% for 30 years for the construction of a new maintenance building for the City’s water and wastewater utilities.

· The City of Madeira in Hamilton County is receiving $1,038,572.00 at 3.16% for 15 years for the construction of 5,100 feet of waterline in the Indian Hill area to replace aging waterlines.

· Montgomery County is receiving $1,400,000.00 at 3.16% for 20 years for the construction of 2,800 feet of sanitary sewer along Austin Boulevard to replace aging sewers.

· Montgomery County is receiving $1,797,680.00 at 3.16% for 20 years for the construction of improvements to the 2 million gallon water storage tank on Sheehan Road in Centerville, Ohio to extend its useful life.

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.

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