Last week, the USDA Rural Utilities Service announced a One Percent Loan program as an additional tool for the Water & Waste Disposal Grant Program. NRWA has been advocating for this affordable financing tool for three years as a direct result of concerns voiced by our utility system members.
Many water infrastructure projects have exceeded their useful lives. This new One Percent Loan program provides financing for much-needed improvements to economically distressed systems and serves as another tool for USDA to help communities navigate unprecedented challenges facing the water sector, i.e., workforce, supply chain, and emerging contaminants. NRWA encourages you to learn more about how this program can benefit your community by reading more below.