AUSTIN, TX - Today, the Texas Water Development Board (TWDB) approved $8.3 million in financial assistance for the City of McAllen consisting of a $7.1 million loan and $1.2 million in loan forgiveness. Funding for these grants comes from the Clean Water State Revolving Fund which provides below-market interest rate loans for wastewater management projects.
These funds will be used to finance the construction of wastewater system improvements for McAllen's North Wastewater Treatment Plant, including preparations for the forthcoming 2,500 acre Tres Lagos master-planned community.
Senator Juan "Chuy" Hinojosa stated, "It's great news that the City of McAllen was approved for $8.3 million in financial assistance and I thank the TWDB for approving such a large loan. This wastewater management project is greatly needed to improve the water infrastructure of McAllen and to better serve the public while simultaneously protecting the environment."
McAllen Mayor Jim Darling also commented, "Our growth in McAllen is significant and we are excited with the approval of this loan to help facilitate improvements to our wastewater treatment system. This funding from TWDB is very appreciated and is critical to our community's development."