EFC approves loans for Madison, Jefferson County clean-water projects

Communities in Jefferson and Madison Counties will use interest-free loans for projects that seek to improve drinking water and wastewater systems.

The board of directors of the New York Environmental Facilities Corp. (EFC) on Thursday approved a total of five interest-free loans worth about $28 million.

The EFC announced the loan approvals in a news release distributed on Thursday.

The Town of Sullivan in Madison County will use a $7.7 million loan that refinances a 2012,EFC-issued short-term loan for construction of a wastewater-collection system for the Bridgeport sewer district.

The project extends service to the hamlet of Bridgeport and replaces faulty septic systems along Oneida Lake, EFC said.

The communitys projected savings will total $4.3 million with the EFC loan, according to the corporations news release.

In addition, the Town of Hounsfield in Jefferson County will use a nearly $2.4 million, long-term loan to refinance a previous EFC loan of $2.8 million.

The loan, along with a $2 million state grant, financed the construction of a new water-distribution system to serve the Town of Hounsfields Water District #5.

The new system provides public water for residents who previously used private wells. It also means improved service for residents in Hounsfields Water Districts #1 and #2, the EFC said.

With the EFC loan, Hounsfields projected savings will total $1.3 million, the corporation added.

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EFC approves loans for Madison, Jefferson County clean-water projects