The Town of Oxford will be provided with $8,555,000 of financial assistance through the Indiana Finance Authority’s (IFA) State Revolving Fund (SRF) Program to fund improvements to the Town’s drinking water systems. The Town of Oxford will save approximately $7,300,000 in principal and interest costs by utilizing the SRF Loan Program rather than open market financing.
SRF Loan Programs are administered by the IFA with joint funding from the U.S. Environmental Protection Agency and the State of Indiana. The Town of Oxford’s drinking water project will replace aging water mains and meters system-wide, remove lead service lines, as well as pilot PFAS-sampling and PFAS-removal technology, which will address PFAS and lead concerns within the drinking water system. The project will also improve pressure, reduce water loss and ensure the Town of Oxford is able to provide consistent quality water and help protect public health within its service area.
SRF Loan Programs operate in all states to provide the resources necessary to maintain and improve the infrastructure that protects our valuable water resources.
