Press Releases
Governor McKee, Infrastructure Bank Announce $12 Million In Action Grants for Municipal Resilience Projects Across 20 Communities Across Rhode Island
PROVIDENCE, RI – Today, Governor Dan McKee and the Rhode Island Infrastructure Bank announced $12 million in Action Grants for participants of the Municipal Resilience Program (MRP). Communities prioritized local actions through the program and will use grant funds to implement projects that will increase their climate resilience. Funding for these action grants comes from the…
Read MoreInfrastructure Bank Closes On $15 Million Loan for Pawtucket Drinking Water Upgrades
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $15,000,000 Drinking Water State Revolving Fund loan, with $2.25 million in principal forgiveness (e.g. a grant), to finance water meter replacements in the City of Pawtucket. Funding for the loan was made available through the Bipartisan Infrastructure Law, passed by Congress in November 2021.…
Read MoreInfrastructure Bank Closes On $5.5 Million In Loans for Woonsocket Drinking Water Upgrades
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on two loans to finance drinking water infrastructure upgrades in the City of Woonsocket; a $5,000,000 Drinking Water State Revolving Fund loan, with $2 million in principal forgiveness (e.g. a grant) for water meter replacements, and a $525,000 Drinking Water State Revolving Fund loan, with $505,000…
Read MoreInfrastructure Bank Closes On $26 Million Loan for East Providence Drinking Water Upgrades
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $26,000,000 Drinking Water State Revolving Fund loan, with $3.9 million in principal forgiveness (e.g. a grant), to finance water main infrastructure upgrades in the City of East Providence. Funding for this loan was made available through the Bipartisan Infrastructure Law, passed by Congress in…
Read MorePortsmouth Receives $2 Million From R.I. Infrastructure Bank To Continue Septic System Loan Program For Homeowners
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, has closed on a $2,000,000 loan to the that will allow the Town of Portsmouth to continue making 0% interest loans to qualifying homeowners to repair or replace failing septic systems and cesspools. The loan…
Read MoreTiverton Receives $600,000 From R.I. Infrastructure Bank To Continue Septic System Loan Program For Homeowners
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, has closed on a $600,000 loan to the Town of Tiverton that will allow the community to continue making 0% interest loans to qualifying homeowners to repair or replace failing septic systems and cesspools. The…
Read MoreGovernor McKee, RI Infrastructure Bank Announce Opening of Municipal Matching Funds Pool
PROVIDENCE, R.I. – Governor Dan McKee and Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, today announced the opening of the Municipal Matching Funds Pool through the Bank’s Municipal Infrastructure Grant Program, and encouraged local cities and towns to submit applications. The $5.5 million in available…
Read MoreBankRI Provides $483,000 In C-PACE Financing Through Infrastructure Bank For Fulford Manufacturing Rooftop Solar Project
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (Infrastructure Bank) today announced $483,000 in Commercial Property Assessed Clean Energy (C-PACE) program financing for a new rooftop solar installation at Fulford Manufacturing’s facility in East Providence. The Infrastructure Bank also welcomes BankRI to the C-PACE program and congratulates them on funding their first project in the state. Fulford Manufacturing’s…
Read MoreR.I. Infrastructure Bank Welcomes Anthony Hebert As Business Development Officer & Announces Staff Promotions
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, today announced that Anthony Hebert will join the Bank as a Business Development Officer. The Bank also announced the promotions of Anna Coelho Cortes to Managing Director of Business Development and Ken Viera to Deputy…
Read MoreInfrastructure Bank Names Joanna L’Heureux New Chief Financial & Operating Officer
PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, today announced that Joanna L’Heureux has been named the Bank’s new Chief Financial and Operating Officer. “Joanna L’Heureux brings more than 30 years of experience in public finance, accounting and strong leadership qualities to the…
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