San Diego Receives $240 Million Loans for Lake Hodges Dam Replacement
San Diego was selected Wednesday to receive $240.6 million in loans for Lake Hodges dam improvement projects and possible replacement by the U.S Army Corps of Engineers.
This funding comes from the Corps Water Infrastructure Financing Program, intended to provide low-cost loans to maintain, repair and upgrade dams not under the federal government’s jurisdiction. The CWIFP is part of the Bipartisan Infrastructure Law.