More than 100 rural infrastructure projects across the country, including one here in Starke County, are being funded thanks in part to the U.S. Department of Agriculture’s Water and Waste Disposal Loan and Grant Program.
The Town of North Judson received a $3,892,000 loan from the USDA to assist with their sewer improvement project. According to an announcement released this week, the Rural Development investment will be used to convert a portion of the town’s combined sewer collection system into separate sanitary and storm sewers.
The loan terms state that the Town will pay the money back over the next 40 years at a rate of 2.125 percent.
NJ Clerk-Treasurer Andrew Rowe noted that he received a confirmation on Monday, stating that the loan was officially approved. He added that the loan money has not been received yet and that it will not be provided until the end of this year or the beginning of next year.
Altogether, the USDA invested $277 million dollars in 103 infrastructure projects in 35 states. The funds can be used to finance drinking water, stormwater drainage and waste disposal systems for rural communities with a population of 10,000 residents or less.