HOPATCONG BOROUGH LOAN CLOSING

NJ I-Bank and NJDEP Helping to Improve New Jersey's Infrastructure, One Project at a Time

The Borough of Hopatcong recently closed on a construction loan with the NJ Water Bank to fund an Asset Management Program. The project consists of the preparation of a Sanitary Sewer System Asset Management Plan and an update to their Geographic Information System. This project qualifies for funding under the Asset Management for Small Systems Program (SS-AMP). Hopatcong Borough is eligible to receive principal forgiveness for this project at Long Term funding subject to legislative approval.  Standard SS-AMP funding terms provide 100% principal forgiveness capped at $100,000 per applicant.  

For more information, contact the New Jersey Infrastructure Bank at (609) 219-8600.

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NEW JERSEY ENVIRONMENTAL INFRASTRUCTURE TRUST