Clifton, Tennessee, is set to receive a $15.9 million loan to improve its water infrastructure. Announced by Governor Bill Lee and the Tennessee Department of Environment and Conservation (TDEC), the loan will fund the construction of a new drinking water treatment plant. The loan, which has a 20-year term and an interest rate of 1.32%, also includes nearly $10 million in loan forgiveness. This includes $4.999 million for general forgiveness and $5.188 million to support advanced technology for removing PFAS contaminants from the water supply.
The loan is part of TDEC's State Revolving Fund Loan Program, which helps communities across Tennessee with affordable infrastructure improvements. The program has awarded over $134 million in loans in the past fiscal year. Tennessee Department of Environment and Conservation's initiative continues to support water quality and safety across the state.
For more information, visit the Tennessee Department of Environment and Conservation (TDEC) press release.
