INDIANA -- The Indiana Finance Authority (IFA) completed $76,345,874 in low-interest, federal equivalency loans in June to help multiple Indiana communities finance drinking water infrastructure improvements. 

The seven communities benefitting from the program are Fort Wayne, Hammond, Flora, Lafayette, Decatur, Monticello, and South Bend. 

The City of South Bend received financing in the amount of $14,530,874 through the DWSRF Loan Program to help fund improvements to the city’s drinking water system. The project includes the rehabilitation of the Edison Water Filtration Plant, the full replacement of lead service lines in the northwest zone of the water distribution system, and the planning and design of the North water treatment plant PFAS minimization project. The project will restore full capacity to the Edison Water Filtration Plant, protect public health by removing lead risks, and prepare South Bend to promptly address PFAS contaminants in the system.

The State Revolving Fund (SRF) Loan Programs provide low-interest loans to Indiana communities for projects that improve wastewater and drinking water infrastructure. The Program's mission is to provide eligible entities with the lowest interest rates possible on the financing of such projects while protecting public health and the environment.

The IFA administers the SRF Loan Programs with joint funding from the U.S. Environmental Protection Agency and the State of Indiana. SRF Loan Programs operate in all states to provide resources necessary to maintain and improve the infrastructure that protects our valuable water resources.