Mid-Hudson Valley Towns to Receive Grant Money for Vital Water Infrastructure Improvements
Is your town getting grant money for water infrastructure improvements? Check out the article from HudsonValleyNewsNetwork.com below!
ALBANY – Governor Andrew M. Cuomo announced on Thursday, nearly $34 million in grants to support 24 essential drinking water and wastewater infrastructure projects in the Mid-Hudson Valley.
These grants are part of a $255 million statewide investment, funded through New York’s Water Infrastructure Improvement Act.
“This unprecedented investment continues New York’s commitment to helping municipalities develop necessary infrastructure to protect our water resources,” Governor Cuomo said. “These investments are crucial to supporting the health and safety of our communities, and help lay the foundation for future growth and prosperity in every corner of this great state.”
Under the landmark $2.5 billion Clean Water Infrastructure Act of 2017, announced by Governor Cuomo in April, these grants are part of $255 million in funding available for municipalities statewide to support critical water quality infrastructure projects. The Act also made $30 million available for the new Intermunicipal Water Infrastructure Grants Program, which provides grant funds for two or more municipalities sharing water quality infrastructure.
In the Mid-Hudson Valley, nearly $34 million in grant funds will leverage $123 million in total project costs providing over $64 million in taxpayer savings. This investment will also create 2,000 jobs across the region. Since 2015, inclusive of this latest round of funding, communities in the Mid-Hudson Valley have received a total of $68 million in WIIA and IMG grant funds supporting $259 million in total project costs.
Municipalities in the Mid-Hudson Valley receiving grants are:
Specific project information as well as an interactive map showing these projects may be found here.
The projects announced today will strengthen the drinking water and wastewater infrastructure in the Mid-Hudson Valley in a number of ways including: upgrades and replacements for drinking water systems, filtration plants and water mains, as well as the construction or enhancement of wastewater treatment plants, pump stations, and sewer systems.
In addition to grants, EFC provides interest-free and low-interest loans to communities further enhancing the taxpayer savings related to the development of these projects. The grants announced today are expected to be supplemented with nearly $68 million in these low-cost loans.
New York State leads the nation with the largest annual investment in water-quality infrastructure of any state. Since 2011, EFC has provided more than $11.5 billion in subsidized loans, grants and loan re-financings to local governments.