March 17, 2023
Contact: MaryAnna Peavey, Grants and Loans Bureau Chief, MaryAnna.Peavey@deq.idaho.gov
CANYON COUNTY — The Idaho Department of Environmental Quality (DEQ) today announced the award of $480,261 in drinking water construction assistance to Drake Subdivision Property Owners Association in Canyon County, Idaho.
The funding will be used to drill two wells, replace water mains, and construct a new well house.
The assistance from DEQ’s State Revolving Loan Fund, which is capitalized annually by grants from the United States Environmental Protection Agency, provides this funding with no repayment obligation. The favorable loan terms represent a $804,071 savings to the community when compared to average costs for municipal general obligation debt issuances.