PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, has closed on a $100,000 Drinking Water State Revolving Fund (DWSRF) loan with 100% principal forgiveness (i.e. a grant) to the Prudence Park Water Association for the installation of new pressure tanks and a new flow meter. Prudence Park Water Association is a small, non-profit public drinking water system located on the west side of Prudence Island. The system serves 15 service connections and supports a seasonal population of about 100 residents. Operated by a volunteer board of five members, the Association provides the only source of year-round potable water for households in the Prudence Park community.
“Many of Rhode Island’s smaller water systems, like the Prudence Park Water Association, do not have the financial resources needed to implement expensive system upgrades on their own,”
“With just 100 people it is very challenging for the Prudence Park Water Association to afford the many upgrades required to modernize our system,”
“This funding makes resources available to small public water systems, like the Prudence Park Water Association, for important infrastructure improvements that improve drinking water quality and protect public health,”