The Michigan legislature appropriated 35 million dollars for EGLE's Onsite Wastewater Management Unit to develop and implement a statewide, low interest loan program for the replacement of failing and near failing septic systems. EGLE has contracted with third party, non-profit green bank lender - Michigan Saves - to design and manage the program. The Septic Replacement Loan Program (SRLP) is divided into two tiers, with both income-based financing (Tier 1) and a market based loan (Tier 2). Systems supported by the SRLP must be evaluated, designed, and installed in accordance with EGLE’s Program Minimum Standards, and must be installed by a Michigan Saves Authorized Contractor. Both Tier 1 and Tier 2 loans are now available to homeowners.
For program minimum standards questions, contact Anne Mitchell at EGLE-DWEHD-SRLP@Michigan.gov.
For contractor questions, contact Michigan Saves at Info@MichiganSaves.org.
For homeowners applying for financing and interested contractors, visit Michigan Saves for more details.
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