Twenty-Two Iowa Communities Benefit from $34.7 Million in Low-Interest State Revolving Fund Loans for Water Quality Initiatives Print
News Releases - Environment & Weather
Written by Ashley Jared   
Wednesday, 30 October 2013 12:05

Communities of Anamosa, Anita, Blairsburg, Bonaparte, Callender, Cascade, Clarion, Clinton, Colfax, Dakota City, Fairfield, Grimes, Hancock, Keokuk, Lowden, Massena, Mingo, Mount Ayr, New Hartford, Shenandoah Sioux City and Wapello to move water quality projects forward

Des Moines – The Iowa Finance Authority and the Iowa Department of Natural Resources today announced that twenty-two Iowa communities will benefit from a combined total of more than $34.7 million in low-cost water quality loans through the State Revolving Fund. State Revolving Fund Construction Loans are a low-cost construction financing option available for Iowa cities and municipalities for water quality initiatives. Planning & Design Loans are zero percent loans that assist with the first-phase of project expenses.

“The Iowa Finance Authority is proud to work in partnership with the Iowa Department of Natural Resources to administer the State Revolving Fund,” said Iowa Finance Authority Executive Director Dave Jamison. “Together we have assisted more than 500 Iowa communities to bridge the gap between needed infrastructure improvements and affordable financing.  The revolving aspect of this fund means we can look forward to helping many more communities reach their water quality goals.”

“Large and small and rural and urban communities all across Iowa face a large variety of water quality needs,” said Iowa Department of Natural Resources Director Chuck Gipp. “Hundreds of Iowa communities have utilized the State Revolving Fund for low-cost financing to help them address those unique needs.”

The State Revolving Fund has awarded Iowa communities and municipalities more than $2.1 billion in Construction Loans and $125 million through Planning & Design Loans since program inception. The loans are made available as part of the State Revolving Fund. For more information on Planning & Design Loans, as well as other State Revolving Fund programs, visit IowaSRF.com.

The Iowa Legislature created the Iowa Finance Authority, the state’s housing finance agency, in 1975 to undertake programs to assist in the attainment of affordable housing for low- and moderate-income Iowans. IFA also administers the State Revolving Fund (SRF) in cooperation with the Iowa Department of Natural Resources. The SRF assists communities with the costs of upgrading or constructing local wastewater and drinking water infrastructure projects.

Recent Loan Recipients:

Loan Recipient

County

Amount

Project Type

Description

Contact

New Hartford

Butler

$81,000

Drinking Water Construction

Water Meter Replacement

Shawna Hagen: 319-983-2548

Anita

Cass

$1,065,000

Clean Water Construction

Infiltration & Inflow Corrections

Lindsay Jahde: 712-762-3746

Anita Municipal Utilities

Cass

$102,500

Planning & Design

Planning & Design

Merlin Scarf: 712-762-3845

Massena

Cass

$445,000

Clean Water Construction

Infiltration & Inflow Corrections

Meradith Lung: 712-779-2295

Lowden

Cedar

$65,000

Planning & Design

Planning & Design

Peggy Kedley: 563-941-7705

Clinton

Clinton

$6,550,000

Clean Water Construction

Pump Station

Jessica Kinser: 563-242-7545

Grimes

Dallas/Polk

$2,432,000

Drinking Water Construction

New Well

Kelley Brown: 515-986-3036

Cascade

Dubuque

$400,000

Planning & Design

Planning & Design

Tim Long: 563-852-3114

Shenandoah

Fremont, Page

$14,057,000

Drinking Water Construction

New Treatment Plant & Water Main

Mary Smith: 712-246-4411

Blairsburg

Hamilton

$265,000

Clean Water Construction

Infiltration & Inflow Corrections

Patricia Jacobson: 515-325-6244

Dakota City

Humboldt

$600,000

Clean Water Construction

Infiltration & Inflow Corrections

Angelique Berry: 515-332-3083

Colfax

Jasper

$1,109,000

Clean Water Construction

Treatment & I/I Improvements

Kathy Mathews: 515-674-4096

Mingo

Jasper

$360,000

Clean Water Construction

Infiltration & Inflow Corrections

Sondra Kenney: 641-363-4441

Fairfield

Jefferson

$500,000

Planning & Design

Planning & Design

Kevin Flanagan: 641-472-6193

Anamosa

Jones

$2,020,000

Drinking Water Construction

Storage & Water Mains

Alan Johnson: 319-462-6055

Keokuk

Lee

$452,500

Planning & Design

Planning & Design

Mark Bousselot: 319-524-2050

Wapello

Louisa

$393,000

Clean Water Construction

Infiltration & Inflow Corrections

Mike Delzell: 319-523-4091

Hancock

Pottawattamie

$98,910

Planning & Design

Planning & Design

Kimberly Gress: 712-741-5665

Mount Ayr

Ringgold

$378,000

Drinking Water Construction

Rural Water Connection

Pamella Poore: 641-464-2402

Bonaparte

Van Buren

$435,000

Drinking Water Construction

Water Mains

Nancy Nelson: 319-592-3400

Callender

Webster

$600,000

Clean Water Construction

Infiltration & Inflow Corrections

Denita Lee-Luke: 515-548-3859

Sioux City

Woodbury

$2,100,000

Drinking Water Construction

UV Treatment

Jade Dundas: 712-279-6957

Clarion

Wright

$250,000

Planning & Design

Planning & Design

Rochelle Pohlman: 515-532-2847


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