The Department of Energy and Environmental Protection walked back what local leaders thought was a $17 million grant for sewer construction in the beach communities, instead saying that the agency is looking at a variety of federal funding options for the project. Under the program, the sewer project already qualifies for a 25% grant and a 75% loan at 2% interest for 20 years. With the additional 25% would bring coverage of the project to 50%, which would potentially bring the price of the project for each homeowner to pre-pandemic levels, Carney said. But, he said, there are many, many steps to the funding process. “I just want to make it clear – nothing is a done deal. I don’t want anybody to think, oh, we’re definitely getting this money,” he said. Carney said it was important that DEEP come to Old Lyme to explain to residents and property owners exactly how the funding will work.
After Closed Meeting, DEEP Walks Back Old Lyme Expectations For $17m Sewer Grant