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DEQ awards $2.7 million to city of Grand View in Owyhee County

June 24, 2022

Contact: MaryAnna Peavey, Grants and Loans Bureau ChiefMaryAnna.Peavey@deq.idaho.gov

BOISE — The Idaho Department of Environmental Quality (DEQ) today announced the award of a $2,770,750 low-interest drinking water construction loan to the city of Grand View in Owyhee County.

The funding will be used for rehabilitation and repair of a well, water quality testing and monitoring, an ion exchange nitrate treatment system, and water distribution system improvements.

DEQ is authorized by state law to make loans to assist in the construction of public drinking water or wastewater systems. Since the annual cost of drinking water service for residential customers exceeds 1.5% of the median household income, the city of Grand View is able to qualify for a disadvantaged loan which carries very favorable repayment terms.

The loan from DEQ’s State Revolving Loan Fund, which is capitalized annually by grants from the US Environmental Protection Agency, carries a simple 1.5% interest rate, is payable over 30 years, and has $63,655 in principal forgiveness. The favorable loan terms represent a $1,165,162 savings to the community when compared to average costs for municipal general obligation debt issuances.

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