PENNVEST: A state source for low interest loans and grants

The Pennsylvania Infrastructure Investment Authority, otherwise known as PENNVEST,  is a state agency that provides low interest loans and some grants to fund sewer and water infrastructure projects statewide. Projects can include stormwater projects and other non-point source projects. Qualified applicants include owners and/or operators of public water systems, wastewater collection/treatment facilities, or storm water management or other non-point source pollution protection projects. Assistance can be used for design, engineering and construction costs associated with capital improvement projects with demonstrated water quality benefits. Over $500 Million has been budgeted to help finance needed water, sewer, storm water and non-point source pollution prevention projects for fiscal year 2014-2015. To find more information or to see if you qualify, check the PENNVEST criteria here.

Many projects around the region have received loans or grants from PENNVEST.  Recipients include Sellersville Borough which received both a $112,031 grant and as well as a $112,031 loan to plant 500 trees in Lake Lenape Park. Lenape Park is 61 acre natural area is located in Sellersville, Bucks County, on the East Branch of the Perkiomen. In addition to aesthetics, the planted trees have many benefits including reducing erosion and sediment as well as decreasing stormwater runoff. To find out more about the Sellersville Project, see the articles on the Phillyburbs website.

Lenape Lake Park in Sellersville, Bucks County, was a recipient of 500 tree plantings with both a grant and loan from PENNVEST. Photo Courtesy of LakeLenapePark.com

To learn about PENNVEST options in Southeastern Pennsylvania, contact Tesra Schlupp at tschlupp@state.pa.us or call (717)  783-8618.

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