Des Moines – The Iowa Finance Authority and the Iowa Department of Natural Resources recently announced that 26 Iowa communities have received low-interest water quality loans totaling more than $82.8 million through the State Revolving Fund. Among the communities to receive the loans, is Shenandoah, which received $833,000 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 State Revolving Fund has awarded Iowa communities and municipalities with more than $2.8 billion in Construction Loans and more than $175 million through Planning & Design Loans since the program’s inception.

The U.S. Environmental Protection Agency provides annual capitalization grants to states. Leveraged bonds and loan repayments expand the reach of the federal investment. More than $3 in assistance has been leveraged for Iowa water quality projects for every $1 of federal funds. More information is available at IowaSRF.com.