Congressman Higgins Announces $3 Million USDA Recovery Act Loan For Springville
Congressman Brian Higgins (NY-27) announced that the Village of Springville has been awarded a $3 million low-interest loan from the U.S. Department of Agriculture for work to improve sewer infrastructure in the area.
“This low interest federal loan will allow for a permanent solution that protects Springville residents and existing local waterways,” said Congressman Brian Higgins.
The loan was provided through the USDA Water and Environmental Program which provides federal dollars for projects that enhance for drinking water, sanitary sewer, solid waste and storm drainage facilities in rural areas and cities and towns of 10,000 or less. Loan funds can be used for construction and non-construction costs including land, equipment and engineering services. The Village will have 38 years to repay the loan at an interest rate of only 2.75%.
The loan will be used to improve infrastructure that carries sewer waste to the treatment plant. Existing infrastructure was damaged during a storm and serviced with temporary repairs. Improvements supported by the loan will provide a long-term resolution that protects Spring Brook and Cattaraugus Creek.
The American Recovery and Reinvestment Act (ARRA), supported by Congressman Higgins, provides approximately $3.7 billion in loans and grants for rural water and wastewater infrastructure in the United States