Fifteen Iowa cities will benefit from a combined total of more than $9.1 million in low-cost water quality loans through the State Revolving Fund. Among them, is Underwood, which is receiving $313,000 for a sewer lift station and force main, and, Winterset, which is receiving $1.4-million for sewer treatment improvements.

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 and the Iowa Department of Natural Resources jointly administer the State Revolving Fund in Iowa.

The State Revolving Fund has awarded Iowa communities and municipalities more than $2.5 billion in Construction Loans and $130 million through Planning & Design Loans since the program’s inception. More information is available at IowaSRF.com.