Mayor Hopkins Announces Cranston’s Participation in Community Septic System Loan Program

CRANSTON – Mayor Ken Hopkins announced the introduction of the Community Septic System Loan Program in the city. This program was developed in partnership with the Rhode Island Infrastructure Bank and the Rhode Island Housing.

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

“This is a fantastic opportunity for residents to complete required work to their septic systems,” Mayor Hopkins said.

Through the program, residents may apply for interest free loans of up to $30,000 with terms of 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.

This initiative not only ensures compliance with regulations but also promotes the well-being of the entire community, Mayor Hopkins said. By ensuring that septic systems are properly maintained, residents can help protect the environment and prevent potential health hazards.

Mayor Hopkins congratulated Council President Jessica Marino for bringing this program forward to his administration and to his public works and finance teams for making it happen in working with Rhode Island infrastructure Bank and Rhode Island Housing.

Property owners must first acquire an approved RIDEM Onsite Wastewater Treatment System Permit to be eligible for funding. Funding is released to the homeowner when RI Housing receives RIDEM Certificate of Conformance after the work is complete.

Mayor 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’ support for this initiative highlights the city’s dedication to promoting sustainable practices and ‘ensuring a high quality of life for all residents.’

“This is a proactive step towards creating a healthier and more environmentally conscious community for generations to come,” Hopkins said. “I greatly encourage residents to apply quickly and take advantage of this offering.”

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

For questions regarding financial requirements and program info, residents are encouraged to call RI Housing at 401-457-1127.