Governor Kathy Hochul announced on Wednesday that over $70 million in financial assistance for water infrastructure improvement projects across New York State. The Environmental Facilities Corporation Board of Directors has approved low-cost financing and previously announced grants, authorizing municipal access to the capital needed to get shovels in the ground for drinking water and sewer projects that reduce potential risks to public health and the environment. The Board also approved low-cost long-term financing for five completed projects, providing debt relief through lower interest rates than if the municipalities borrowed on their own.
The Town of Seneca Falls was awarded $5,130,000 short-term interest free financing and $1,710,000 WIIA grant for the planning, design, and construction of a new excess flow tank at the Seneca Falls Wastewater Treatment Plant.
“New York State is committed to providing communities with the resources needed to take action on critical water infrastructure projects that prevent exposure and health risks,” Governor Hochul said. “The grants and financings approved by the Environmental Facilities Corporation Board will leverage even greater local investments to help ensure our communities in every corner of New York have access to clean, safe water.”
New York State Environmental Facilities Corporation President and CEO Maureen A. Coleman said, “The significant resources included in today’s announcement underscore Governor Hochul’s commitment to help ensure all of New York’s communities have the financial assistance necessary to undertake their critical sewer and drinking water projects. We are making strategic, life-saving improvements to our state’s water infrastructure and these investments will benefit New Yorkers for generations to come.”