Senator Steven A. Baddour and Representatives Brian S. Dempsey, Harriett L. Stanley and Barbara A. L’Italien have announced that the city of Haverhill will receive a low interest loan funded through the Water Pollution Abatement Trust from the Massachusetts Department of Environmental Protection (DEP).
The city will receive a 2% low interest loan in the amount of $600,000. This loan will be used for the planning phase associated with the Landfill Closure. MassDEP financed this project because it was deemed significant in terms of public health and environmental benefit.
“Capping landfill in Haverhill is an important project, and is expected to be very expensive” said Senator Steven A. Baddour. “I am very happy that DEP has chosen to prioritize the landfill closure by providing a low-interest loan to the City of Haverhill to help jump start this project.”
“During this economic climate, it’s advantageous to secure, from the state, such a low interest rate loan that will benefit the city in their plans for this land in the future,” said Representative Dempsey.
Rep. Stanley echoed Rep. Dempsey’s comments, adding “the loan brings Haverhill closer to its goal of putting this land back into use. And with the completion of drum removal at the site just over a year ago, this loan couldn’t come at a better time in the process of accomplishing that goal.”
“This loan from MassDEP will assist the City of Haverhill in moving forward and executing the planning for the Landfill Closure,” said Representative L’Italien.
The Massachusetts Water Pollution Abatement Trust was established in 1989 pursuant to Title VI of the Federal Clean Water Act. It was later amended in 1998 to encompass the provisions of Title XIV of the Federal Safe Drinking Water Act. The Trust’s mission is to fund the implementation of water pollution control and drinking water projects in the Commonwealth through a revolving fund loan program. The Trust administers loan programs that provide funding to cities, towns, other governmental units, and private entities for the purpose of financing improvements to drinking water and wastewater infrastructure.
