April 15, 2025
Contact: MaryAnna Peavey, Grants and Loans Bureau Chief, maryanna.peavey@deq.idaho.gov
BOISE – The Idaho Department of Environmental Quality (DEQ) today awarded $200,000 in low-interest drinking water lead service line loan funding to the Evans Water Corporation and Homeowners Association in Ada County.
The funding will be used to replace water service lines categorized as galvanized needing replaced.
This funding comes from the Infrastructure Investment and Jobs Act, which supports inventorying and replacing lead service lines within a public drinking water system. The loan carries a simple 1% interest rate, is payable over 30 years, and has $122,084 in principal forgiveness. The favorable loan terms represent a $249,660 savings to the community when compared to average costs for municipal general obligation debt issuances.