Project Details
Project NamePhiladelphia City - Green Infrastructure for Stormwater Management
MunicipalityPhiladelphia County, Philadelphia City
Loan Amount$30,000,000.00
Grant Amount$0.00
Interest Rate 11.193 %
Interest Rate 22.107 %
Term of Loan240 Months
Total Project Cost$30,000,000.00
Approval Date4/20/2009
Number of HouseHolds772593
DescriptionThe City has divided the area into 4 project packages: #1 - $9,145,000; #2 - $6,130,000; #3 - $6,130,000; #4 - $8,595,000; total $30,000,000. The overall green infrastructure will consist of Green Streets, Public Facilities, Public Open Spaces, Schools and Environmental Restoration. This system serves 414,411 low income households in the City of Philadelphia. Current average annual sewer rates are $348. Rates are expected to increase by 6.4%.
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