February 6, 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 $16,500,000 low-interest drinking water construction loan to the city of McCall in Valley County, Idaho.
The funding will be used to address storage capacity needs through the construction of a new water storage tank. Additionally, the water treatment facility will be expanded by adding two new filters, upgrading its electrical and control systems, and expanding the clearwell to increase disinfection capacity. Lastly, storage facilities will be added for operational equipment and materials.
DEQ is authorized by state law to make loans to assist in the construction of public drinking water systems. This loan from DEQ’s State Revolving Loan Fund, which is capitalized annually by grants from the U.S. Environmental Protection Agency, carries a simple 2.75% interest rate and is payable over 20 years. The favorable loan terms represent a $4,809,463 savings to the community when compared to average costs for municipal general obligation debt issuances.