Mayor Hopkins Announces Cranston’s participation in community septic system loan program

CRANSTON, R.I. (WLNE) — Mayor Ken Hopkins has announced a new community septic system loan program.

The program was developed in partnership with the Rhode Island Infrastructure Bank and the Rhode Island Housing.

Through this program, residents may apply for interest free loans up to $30,000 with terms up to 10 years.

Grant funding will be administered by Rhode Island Housing and Rhode Island Infrastructure Bank.

According to CSSLP guidelines, loans shall be interest free, however borrowers shall pay a one-time origination fee of $300 and a 1 percent annual servicing charge to Rhode Island Housing on outstanding balances. The term shall be a maximum of 10 years. Residential properties with up to four units shall be eligible.

The program makes interest free loans available to property owners who are required to repair or replace failing septic systems and cesspools in the city.

In a statement, Hopkins said:

“This is a fantastic opportunity for residents to complete required work to their septic systems,” Mayor Hopkins said. Hopkins said the initiative not only ensures compliance with regulations but also promotes the well-being of the entire community.

Property owners must also first acquire an approved Rhode Island Department of Environmental Management Onsite Wastewater Treatment System Permit to be eligible for funding. The funding is released to the homeowner when Rhode Island Housing receives RIDEM Certificate of Conformance after the work is complete.

Hopkins said the program’s emphasis on providing interest-free loans demonstrates a commitment to making essential home improvements accessible to all members of the community. Hopkins said the support for this initiative highlights the city’s dedication to promoting sustainable practices and ‘ensuring a high quality of life for all residents.’

To learn more and apply, visit https://www.cranstonri.gov/csslp/.