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<br /> Established in 1989, the Trust improves the water quality in the Commonwealth through the provision
<br /> of low-cost capital financing to cities, towns, and other eligible entities. It is administered by a three-
<br /> member board, chaired by the Treasurer of the Commonwealth, and includes the Secretary of the
<br /> Executive Office for Administration and Finance, and the Commissioner of the Department of
<br /> Environmental Protection.
<br /> The Trust oversees financing for the Clean Water (CW) and Drinking Water (DW) state revolving
<br /> funds (SRF) in partnership with MassDEP. The Trust receives significant federal and Commonwealth
<br /> support — over $2.4 billion in federal capitalization grants and state matching funds through FY 2018.
<br /> • CW received $54 million from the federal grant and $10.8 million in state match.
<br /> • DW received $25.7 million from the federal grant and $5.1 million in state match.
<br /> The Trust provides subsidized loans to local governmental units for CW and DW infrastructure
<br /> development. Projects financed are those ranked by engineers at MassDEP on a priority basis, based
<br /> on responses to a series of questions intended to identify the most relevant public health and
<br /> environmental related projects.
<br /> The Trust has provided over $7 billion in loans to nearly 3oo borrowers to improve and maintain
<br /> the quality of water in the Commonwealth — an estimated 976 of Massachusetts residents have
<br /> benefited from these essential projects.
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