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 ONSITE WASTEWATER SYSTEMS ASSISTANCE PROGRAM |
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The DNR's new Onsite Wastewater Systems Assistance Program (OSWAP) was created to improve water quality in Iowa by financing the replacement of existing polluting household septic systems in the state (an estimated 100,000 or more) with county-approved septic systems that provide proper wastewater treatment. Inadequate septic systems can pollute streams, lakes, groundwater, and water wells.
The program offers loans to homeowners through participating local lenders:
- at interest rates of 3 percent or less
- for amounts of between $2,000 and $10,000 (average costs are $5,000 per septic system)
- for a maximum repayment period of 10 years.
Eligibility is limited to owners of existing homes in rural, unincorporated areas. In order to participate, applicants must be credit-worthy and be able to gain loan approval from a participating lender, since the lender assumes the loan risk. Click here for more information.
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