Governor Andrew Cuomo today (Jan. 13) announced the New York State Environmental Facilities Corporation Board of Directors approved $662.9 million in grants and interest-free and low-cost loans to support vital wastewater and drinking water infrastructure projects.
Cities that are earmarked for millions in funding include Oswego
This funding complements Governor Cuomo’s State of the State proposal to invest a record $2 billion in critical water infrastructure across New York with the Clean Water Infrastructure Act of 2017.
“This funding will help communities across New York replace and expand their water infrastructure, helping to lay the foundation for future growth and prosperity,” Governor Cuomo said. “These investments support the vitality of these regions and help create a stronger, healthier New York.”
Municipal demand for Environmental Facilities Corporation financial assistance is higher than ever, in part due to the renewed focus on water infrastructure issues and because of the enactment of the Water Infrastructure Improvement Act of 2015. In 2016, the Act was amended to double the available grant funds from $200 million to $400 million. Even with these increased funds, demand is outpacing supply.
Recognizing this demand, Governor Cuomo’s 2017-18 Executive Budget will invest an unprecedented $2 billion in clean water infrastructure and water quality protection.
The approved projects, receiving a combination of grants and loans, include:
Central New York
· City of Oswego – $5.9 million ($1.4 million NYS Water Grant, and a $4.5 million interest-free loan) to finance costs associated with the planning, design and construction of improvements to the city of Oswego’s West Side sanitary sewer system.
· City of Oswego — $9.5 million ($2.2 million NYS Water Grant and a $7.3 million interest-free loan) to finance costs associated with the planning, design and construction of the city of Oswego’s West Side Sewer Separation project.
DEC Commissioner Basil Seggos said, “Governor Cuomo recognizes the link between New York’s aging water infrastructure and the economic vitality of our communities, particularly in upstate New York. In addition to the Environmental Facilities Corporation’s grants and loans announced today, the Governor’s historic investments in the 2017-18 executive budget will transform these challenges into opportunities for communities by creating good paying jobs for local residents. New York invests more to protect water quality and update water infrastructure than any other state in the nation. Through grants and innovative programs, Governor Cuomo is making it easier for localities to make critical upgrades that ensure their water systems are providing New Yorkers with safe water for drinking and recreation.”
The Environmental Facilities Corporation invests over $800 million each year to fund water quality improvements through New York’s Clean Water State Revolving Fund and Drinking Water State Revolving Fund, the largest and most active revolving loan funds in the nation.