DEQ Awards $4,500,000 Loan to Twenty Mile Creek Water Users Association in Boundary County
Summary
The Idaho Department of Environmental Quality announced a $4,500,000 low-interest drinking water construction loan to the Twenty Mile Creek Water Users Association in Boundary County. The funding, drawn from DEQ's State Revolving Loan Fund (capitalized by U.S. EPA grants), will support drinking water treatment plant improvements, water line and main replacements, water meter additions, and pressure reducing valve station replacement. The loan carries a 2% interest rate, a 30-year repayment term, and $2,751,037 in principal forgiveness, representing approximately $6.3 million in savings compared to average municipal general obligation debt issuance costs.
“The funding will be used to make drinking water treatment plant improvements, replace water lines and mains, add water meters, and replace the pressure reducing valve station.”
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What changed
Idaho DEQ has awarded a $4,500,000 low-interest drinking water construction loan to the Twenty Mile Creek Water Users Association under the State Revolving Loan Fund program. The loan features a 2% interest rate, 30-year repayment term, and $2,751,037 in principal forgiveness, extending favorable disadvantaged-community loan terms to the association. The $6,319,499 total savings versus conventional municipal debt issuance will benefit Boundary County residential customers. Water utilities and municipal governments seeking infrastructure financing should note the State Revolving Loan Fund as a viable below-market funding mechanism for drinking water system upgrades.
For water utilities and associations serving disadvantaged communities, this award illustrates the availability of subsidized financing through EPA-state revolving fund programs. Entities planning drinking water improvements may benefit from engaging their state environmental quality agency to assess eligibility for similar favorable loan structures before resorting to higher-cost general obligation debt.
Archived snapshot
Apr 23, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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DEQ awards $4,500,000 to Twenty Mile Creek Water Users Association in Boundary County, Idaho
- April 23, 2026
- Construction Grant, News Releases 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 $4,500,000 low-interest drinking water construction loan to the Twenty Mile Creek Water Users Association in Boundary County, Idaho.
The funding will be used to make drinking water treatment plant improvements, replace water lines and mains, add water meters, and replace the pressure reducing valve station.
DEQ is authorized by state law to make loans to assist in the construction of public drinking water systems. 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 2% interest rate, is payable over 30 years, and has $2,751,037 in principal forgiveness. Since the annual cost of drinking water service for residential customers exceeds 1.5% of the median household income, Twenty Mile Creek Water Users Association qualifies for a disadvantaged loan which carries favorable repayment terms. The favorable loan terms represent a $6,319,499 savings to the community when compared to average costs for municipal general obligation debt issuances.
ver: 4.1.9 | last updated:
April 23, 2026 at 09:43 am
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