May 2, 2024, Press Release from the Ohio Water Development Authority: The Ohio Water Development Authority (OWDA) awarded $29 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 April, the Authority funded 8 projects that will provide improvements and replace aging infrastructure. The 8 awarded projects received an interest rate ranging from 1.53% to 3.26%.
For April 2024, the following Ohio communities are receiving funding from OWDA’s Fresh Water Loan Program:
- Allen County is receiving $15,000,000.00 at 2.80% and $7,030,104.00 at 3.26% for 20 years for the construction of waste water treatment plant improvements, including one new sequencing batch reactor basin, rehabilitation of two existing sequencing batch reactor basins, solids handling upgrades, and pumping improvements to eliminate sewer overflows.
- The City of Columbus in Franklin County is receiving $321,656.69 at 3.26% for 20 years for the construction of 500 feet of sanitary sewer, 800 feet of storm sewer, and permeable pavement along Noble Street to reduce sewer overflows.
- The City of Columbus in Franklin County is receiving $1,457,960.96 at 3.26% for 20 years for the construction of improvements to the Markison Avenue combined sewer overflow regulator and 19,500 feet of storm sewer to redirect stormwater runoff to dedicated storm sewers and reduce sewer overflows.
- The City of Columbus in Franklin County is receiving $154,738.26 at 3.26% for 20 years for the construction of 4,300 feet of waterline along Wilson, Oakwood, and Linwood Avenues to replace aging waterlines.
- Montgomery County is receiving $1,691,717.00 at 3.26% for 20 years for the construction of improvements to the Clear Creek lift station to extend its useful life.
- Montgomery County is receiving $1,882,126.50 at 3.26% for 20 years for the construction of improvements to a 2 million gallon water storage tank to extend its useful life.
- The Village of Pleasantville in Fairfield County is receiving $216,856.00 at 1.53% for 20 years for the construction of improvements to two water storage tanks along Pleasantville Road and Walnut Street to extend their useful life.
- The City of Portsmouth in Scioto County is receiving $1,325,998.69 at 3.26% for 20 years for the construction of mechanical screens at the Lawson Run and Sciotoville waste water treatment plants to replace equipment that has exceeded 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.
More information about OWDA’s financing programs is available at www.owda.org.
