January 17, 2025
Contact: MaryAnna Peavey, Grants and Loans Bureau Chief, maryanna.peavey@deq.idaho.gov
BOISE – The Idaho Department of Environmental Quality (DEQ) today announced the award of a $1,432,200 low-interest wastewater construction loan to the Kingston-Cataldo Sewer District in Kootenai County.
The loan will be used to fund phase two of the district’s wastewater construction project, including expanding access roads to the treatment plant.
The loan from DEQ’s State Revolving Loan Fund, which is capitalized annually by grants from the United States Environmental Protection Agency, carries a simple 1.5% interest rate and is payable over 30 years. The favorable loan terms represent a $940,676 in savings to the community when compared to average costs for municipal general obligation debt issuances.