Funding from the Illinois Clean Water Initiative (ICWI) will be doubled to $2 billion and wet weather/stormwater management infrastructure projects will also be eligible for low-interest loans as well as drinking water and wastewater treatment plants and distribution and collection systems.
ICWI was launched in the fall of 2012 and has created several thousand jobs in communities across Illinois. The additional funding will come from repayments of existing loans that support the sale of "AAA" rated bonds and require no additional state funds. At the same time they are saving substantial interest costs for local governments that vitally need to modernize aging drinking water, sewer systems and now stormwater projects needed in response to more frequent intense storms and associated polluted runoff.
Your community can’t wait for the dollars you need to update aging water infrastructure. The Clean Water Initiative means all Illinois communities have access to the resources they need to make sure residents have clean, safe drinking water.
The Clean Water Initiative:
Give your community the assurance of a clean, reliable water supply. Financing is available for projects including:
The Illinois Environmental Protection Agency, the Illinois Finance Authority, and the Department of Commerce and Economic Opportunity are working together to implement the Clean Water Initiative and build a stronger Illinois: