January 2, 2025
In the second quarter of FY25, the Iowa Finance Authority approved 37 water quality loans to support infrastructure projects totaling more than $244 million. The loans are made possible through the State Revolving Fund, a partnership between the Iowa Finance Authority and the Iowa Department of Natural Resources.
| Participant | County | Program | Program Description | Loan Amount |
|---|---|---|---|---|
| Des Moines WRA | Polk | Clean Water | Transmission Improvements | $10,000,000 |
| Ida Grove | Ida | Clean Water | Planning & Design | $300,000 |
| Cedar Rapids | Linn | Clean Water | WPC Solids Improvements (Contract 2) | $93,600,000 |
| Cedar Rapids | Linn | Clean Water | WPC Solids Improvements (Contract 2) | $22,100,000 |
| New Hartford | Butler | Clean Water | Treatment Improvements | $46,000 |
| Marcus | Cherokee | Drinking Water | Planning & Design | $130,000 |
| Minburn | Dallas | Drinking Water | Planning & Design | $734,000 |
| Lawler | Chickasaw | Drinking Water | Planning & Design | $60,000 |
| Eldridge | Scott | Drinking Water | Planning & Design | $150,000 |
| West Point Municipal Water System | Lee | Drinking Water | 2023 Water Main Improvements | $413,000 |
| Bettendorf | Scott | Clean Water | Spencer Creek Lift Station Improvements | $9,500,000 |
| Polk City | Polk | Drinking Water | Storage Improvements | $2,650,000 |
| Martensdale | Warren | Clean Water | Lagoon Lift Station Improvements | $526,000 |
| Mallard | Palo Alto | Drinking Water | Connection to ILRW | $1,388,000 |
| Cresco | Howard | Clean Water | Age Related Equipment Replacement | $1,940,000 |
| Belle Plaine | Benton | Drinking Water | Planning & Design | $729,500 |
| Grinnell | Poweshiek | Drinking Water | Transmission Improvements | $2,202,000 |
| Story City | Story | Clean Water | Treatment Improvements | $5,000,000 |
| Ames | Story | Clean Water | WPCF Nutrient Reduction Project | $65,185,000 |
| Terril | Dickinson | Drinking Water | Treatment Improvements | $950,000 |
| Terril | Dickinson | Drinking Water | Treatment Improvements | $650,000 |
| Storm Lake | Buena Vista | Drinking Water | Source Improvements | $1,259,000 |
| Storm Lake | Buena Vista | Drinking Water | Source Improvements | $1,074,000 |
| Ainsworth | Washington | Drinking Water | Water Main Replacement | $700,000 |
| Ely | Linn | Drinking Water | Planning & Design | $245,000 |
| Winfield | Henry | Clean Water | Treatment Improvements | $1,098,000 |
| Johnston | Polk | Clean Water | NW Area Sanitary Sewer Extension Phase C | $3,100,000 |
| Granger | Dallas | Drinking Water | New Water Tower, connector main, and booster station | $2,718,000 |
| Madrid | Boone | Drinking Water | Transmission Main | $611,000 |
| Stockport | Van Buren | Clean Water | Sewer System Rehab | $863,000 |
| Muscatine | Muscatine | Clean Water | West Hill Area Sanitary and Storm Sewer Separation | $7,960,000 |
| Mahaska Rural Water System | Mahaska | Drinking Water | Transmission Main Improvements | $1,912,000 |
| Bloomfield | Davis | Clean Water | Sponsored Project | $520,000 |
| Boone | Boone | Clean Water | Roof Replacement Project | $780,000 |
| Casey | Guthrie | Drinking Water | Transmission Improvements | $366,000 |
| Boone | Boone | Drinking Water | Water Treatment Plant Improvements | $1,638,000 |
| Ladora | Iowa | Clean Water | Wastewater Improvements Phase II | $965,000 |
| -- | -- | -- | TOTAL | $244,062,500 |