Program/Project Name: PENNVEST Low Interest Loan Program
Funding Category: Improving Transportation and Infrastructure
Federal Grant Name: PENNVEST Low Interest Loan Program
Programs Supported Through Funding: The American Recovery and Reinvestment Act of 2009 (ARRA provided funding for water & wastewater projects to states through the existing State Revolving Fund (SRF) Programs. In Pennsylvania these programs are managed by the Pennsylvania Infrastructure Investment Authority (PENNVEST). The Philadelphia Water Department (PWD) submitted $241.4 worth of projects to PENNVEST. PWD was awarded $200,000 of ARRA funds for low-interest loans for water piping and water treatment plant projects. PWD received an additional $199.7 million of non-ARRA low-interest loans for water piping and sewer piping, water treatment plant and green projects.
Why Apply for this Grant?
Advancing the Philadelphia Water Department planned capital program.
Use of Funds: $100,000 of ARRA funded low-interest loans will contribute to Water Distribution System Improvements projects that consist of 14 miles of water main replacement and the construction of a new 14 million-gallon per day (MGD) potable water pump station. $100,000 of ARRA funded low-interest loans will contribute water Treatment Plant Improvements consist of a variety of infrastructure rehabilitation projects at our water treatment facilities in order to maintain the facilities in proper working order to meet our regulatory requirements. The attached map shows where water distribution, wastewater collection and water treatment plant projects will take place around the City. $30 million in green infrastructure projects will take place in model neighborhoods across Philadelphia.
Actual # of FTE jobs created for the quarter*:
Q6: Grant has been completed.
*In the City of Philadelphia’s quarterly federal report, also know as Section 1512 reports, jobs are calculated based on hours worked, instead of the number of people at work. It also looks only at jobs funded directly by the Recovery Act, and does not include jobs created indirectly. Direct jobs are counted quarterly and are not cumulative.