City of Slidell Receives $870,000 in Principal Forgiveness for Wastewater Infrastructure Improvements
The City of Slidell has received a commitment of $5.1 million from the Clean Water State Revolving Fund (CWSRF) Loan Program for wastewater infrastructure improvements throughout the city. This loan, funded with state and federal grants, was originally offered with $250,000 in principal forgiveness.
On October 9, Slidell Mayor Bill Borchert received a letter notifying the city that the principal forgiveness amount has increased to $620,000, bringing the total to $870,000. This means that a larger portion of the city’s loan will not need to be repaid, reducing the overall cost to local taxpayers.
“We are extremely grateful to the State of Louisiana and the Department of Environmental Quality for their continued support of our infrastructure projects,” said Mayor Borchert. “This additional funding helps us improve critical wastewater systems and protect our environment, while investing in the future of our community.”
The CWSRF Program is a federal–state partnership that provides low-cost financing to communities for a wide range of water quality infrastructure projects. These projects include municipal wastewater facilities, nonpoint source pollution control, decentralized wastewater treatment systems, stormwater runoff mitigation, green infrastructure, estuary protection, and water reuse initiatives.
The Louisiana Department of Environmental Quality (LDEQ) administers the Clean Water State Revolving Fund in Louisiana. The program provides low-interest loans to help municipalities finance eligible projects and ensure compliance with the Clean Water Act. Funding for the program comes from federal grants and matching funds generated through loan repayments and interest, creating a sustainable source of funding for future projects across the state.
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