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Portsmouth schedules public hearing to seek up to $3.5M from NH Drinking Water SRF for service line work
Summary
The City Council set a Feb. 3 public hearing to authorize borrowing up to $3.5 million from the New Hampshire Drinking Water State Revolving Fund to assist customers with galvanized service-line replacements and compliance work, with an anticipated forgiveness portion.
The Portsmouth City Council voted Tuesday to schedule a Feb. 3 public hearing on authorization to borrow up to $3.5 million from the New Hampshire Drinking Water State Revolving Fund (DWSRF) to help homeowners and businesses replace galvanized or lead service lines and to fund inventory and compliance work.
The city manager said the loan program includes substantial forgiveness — the staff presentation cited a 71%…
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