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 $150,000 loan to allow the City of Warwick to continue their low-interest loan program for eligible homes to tie into the local sewer system and abandon outdated septic and cesspool systems.
“Phasing out old septic tanks and cesspools is an important step to improving our environment, but the cost for homeowners to tie into local sewer systems can be prohibitive,”
“Warwick has been making real progress extending sewer service to more neighborhoods across the city, but the cost of tying into the system can be difficult for many homeowners,”
Rhode Island Infrastructure Bank is Rhode Island’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners. We leverage capital in a revolving fund to offer innovative financing for an array of infrastructure-based projects including water and wastewater, road and bridge, energy efficiency and renewable energy, and brownfield remediation. These quality-of-life projects improve the State’s infrastructure, create jobs, promote economic development, and enhance the environment. www.riib.org – Facebook: @RIinfrastructure – Twitter: @RI_InfraBank