Lake Iroquois approved for $425,000 loan

LAKE IROQUOIS — The Lake Iroquois Association, a homeowners group at the rural lake northeast of Loda in Iroquois County, has been approved for a $425,000 loan from the U.S. Department of Agriculture for replacing the community’s wastewater treatment system.

The current system will be replaced with a new treatment facility and sludge digestion tank.

The loan was among $16.8 million in U.S. Department of Agriculture funding for water and wastewater projects in Illinois, announced by U.S. Sen. Dick Durbin. The bulk of the funding was nearly $14.23 million to Monticello for replacing its wastewater treatment plant.

Nationwide, the USDA said it is investing $331 million in 85 projects that will improve water and wastewater infrastructure in rural areas in 39 states. The USDA said it is providing $264 million in loans and $67 million in grants through Rural Development’s water and environmental programs, which provide assistance and financing to develop drinking water and waste disposal systems for communities with 10,000 or fewer residents.

Funding for each project announced is contingent upon the recipient meeting the terms of the loan, grant or loan/grant agreement.

“Strategic investments like these into community infrastructure provide a path to rural economic growth,” Agriculture Secretary Tom Vilsack said. “Water and wastewater upgrades protect the health and safety of those who live and work in rural areas, and are especially critical given today’s aging infrastructure in areas that have not fully benefited from rural America’s economic rebound. Modernizing water and wastewater systems improves the quality of life and can help attract jobs to rural communities.”

Since 2009, USDA Rural Development has invested $13.9 billion for 5,825 water and waste infrastructure projects, benefiting 19.5 million rural residents; invested nearly $13 billion to start or expand nearly 112,000 rural businesses; helped 1.1 million rural residents buy homes; funded nearly 9,200 community facilities such as schools, public safety and health care facilities; and helped bring high-speed Internet access to nearly 6 million rural residents and businesses.

The USDA also has invested $38.2 billion in 1,057 electric projects that have financed more than 198,000 miles of transmission and distribution lines serving 4.6 million rural residents.

Location (3):Local, Iroquois County, Loda


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JaimeMelany wrote on February 15, 2017 at 2:02 am

Good to know that lake Iroquois have finally approved for $425,000 loan. I read about it at other sites too. Good to know that, current system will be replaced with a new treatment facility and sludge digestion tank.