PROVIDENCE – Rhode Island Infrastructure Bank recently approved a $500,000 loan for the city of Cranston and a $300,000 loan for the town of Scituate to allow both communities to make no-interest loans to qualifying homeowners to repair or replace failing septic systems and cesspools.
The loans are being made through the Infrastructure Bank’s Community Septic System Loan Program.
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“The cost of repairing or replacing septic and cesspool systems can be a real challenge for homeowners,” said William Fazioli, executive director of Rhode Island Infrastructure Bank. “That’s why we are pleased to provide $800,000 in financial assistance to the communities of Cranston and Scituate so they can offer eligible homeowners 0% interest loans to repair or replace these systems. This is a win-win program that benefits both homeowners and the environment.”
