Faulty Septic Tanks: DEQ Offers ‘Affordable’ Repair and Replacement Loans | New



An affordable loan program is again available to Oregon homeowners and small businesses to repair or replace failing septic systems.

The Affordable Loan Program provides flexible financing for homeowners to repair or replace their failing septic system.

Repairing or replacing failed septic systems benefits Oregon residents by protecting public health and addressing threats to water quality, says the Department of Environmental Quality (DEQ) of the ‘Oregon in a statement.

DEQ and regional nonprofit lender Craft3 are teaming up to make Craft3 Clean Water loans available statewide. The Oregon legislature approved $ 2 million for the program in the last session and Craft3 began accepting loan applications on November 1, 2021.

“By supporting those who struggle to fix failing septic systems, we can not only prevent damage to homes and property, but also improve public health outcomes for all Oregon residents,” the representative said. ‘Oregon, Ken Helm.

The Affordable Loan Program provides flexible financing for homeowners to repair or replace their failing septic system. The program is also available to many small businesses that use septic systems, such as restaurants, convenience stores, and small manufactured homes or RV parks.

Properly functioning septic systems treat wastewater to minimize pollution of groundwater and surface water. A faulty system can push sewage up to the ground or flow into waterways, creating a health hazard and damaging natural resources.

These affordable loans not only cover all eligible costs for licensing, design and installation, but they also provide for ongoing maintenance when needed. The loans have variable low rates depending on the borrower’s income and are designed to be accessible to borrowers who may not have perfect credit.

The Oregon legislature established the program in 2016 (ORS 454,770), and DEQ partnered with Craft3 to administer these loans from 2016 to 2020. Funding for this popular program ran out in 2020, and Craft3 ceased to operate. receive loan applications in Oregon in June 2020. The new funding will restart the program this month.

Prior to the program’s hiatus in Oregon, Craft3 provided more than $ 3.6 million in loans to 187 Oregon residents and small businesses to upgrade or install septic systems with previous funding from the legislature. Loan recipients were in 92 cities and 28 of Oregon’s 36 counties. Of the total loans closed, 32% of households were in low income, or 80% of the region’s median income.

Oregon residents who wish to learn more about the program and apply can do so by visiting Craft3.org/CleanWaterOre.


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