State announces $122M in water, infrastructure loans/grants to 24 cities
The Minnesota Public Facilities Authority (PFA) has announced $122 million in loans and grants in the first half of 2020 for water and infrastructure projects in 24 communities throughout Minnesota.
Three area recipients include the cities of Ada, Fertile and Gary.
“COVID-19 hasn’t postponed the need for Minnesotans to protect one of our most prized natural resources, our water,” explained PFA Chair and Commissioner of the Department of Employment and Economic Development (DEED), Steve Grove. “These 24 projects will help local communities protect their waterways and prepare for future economic growth.”
The PFA administers and oversees the financial management of three revolving loan funds and other programs that help local units of government construct facilities for clean water, drinking water, and transportation infrastructure projects.
The round of PFA funding awards announced today includes $63 million from the Clean Water Revolving Fund, $47 million from the Drinking Water Revolving Fund, $4.4 million from the Water Infrastructure Funding program, $4.2 million from the Point Source Implementation Grant (PSIG) program, $1.8 million from the Transportation Revolving Loan Fund, and $2.1 million from legislative appropriations.
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