DEQ awards $980,000 low-interest drinking water construction loan to Teton Reserve Homeowners’ Association (ID)

The Idaho Department of Environmental Quality (DEQ) on Thursday announced the award of a $980,000 low-interest drinking water construction loan to the Teton Reserve Homeowners’ Association in Teton County.  The funding will be used to install two wells and associated pumps.  DEQ is authorized by state law to make loans to assist in the construction of public drinking water systems. Since the annual cost of drinking water service for residential customers exceeds 1.5 percent of the median household income, the Teton Reserve Homeowners’ Association is able to qualify for a disadvantaged loan, which carries very favorable repayment terms.     Read the article…………..


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