CRWP Creates Revolving Loan Fund

At its September board meeting, the CRWP Board of Directors approved the creation of a revolving loan fund to provide gap funding for small communities receiving assistance from the Southeast Minnesota Wastewater Initiative program. The fund can be used by small communities working on sewer projects to cover interim costs needed to keep their project moving forward. Examples of work communities would apply for funding are feasibility studies, environmental reviews, land appraisals, and survey work. The fund will be administered by the Southeast Minnesota Water Resources Board, a partner with CRWP in the Southeast Minnesota Wastewater Initiative.

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The CRWP Board allocated $15,000 to establish the fund. Funding for the Revolving Loan Fund comes from the Bush Foundation as part of the 2014 Bush Prize for Community Innovation that was awarded to CRWP in recognition of the accomplishments of the Southeast Minnesota Wastewater Initiative. Click here to learn more about why CRWP was chosen to receive the Bush Prize.