Upton Announces $7.2 Million in USDA Rural Development Loan Funding for the City of Watervliet
Washington, September 22, 2022 | Jamal Ware (202-341-7372)
WASHINGTON, D.C. – U.S. Rep. Fred Upton, R-St. Joseph, today announced the city of Watervliet received USDA financing to improve the wastewater system throughout the city. The two low-interest loans, one for $4,013,000 and the other for $3,200,000, are provided through by USDA Rural Development (RD).
“Safe drinking water has been one of my top concerns in Congress, and up-to-date infrastructure is absolutely critical across Southwest Michigan,” Upton said. “These funds will be used to replace undersized as well as aging water mains throughout the city of Watervliet. Additionally, funds will be used to replace associated lead service lines so that homes and businesses in the area can have access to clean water.”
Both loans will sit at the low interest rate of 2.000% over the duration of 40 years. It is estimated that over 3,000 Michiganders will directly benefit from these investments.