Flint may be forgiven on $20M in water loans

Posted at 8:04 PM, Feb 24, 2017
and last updated 2017-02-24 20:04:23-05

Gov. Rick Snyder's administration says there's a plan in the works to forgive $20 million in water loans made to Flint.

Snyder adviser Rich Baird believes the state "will be able to facilitate" loan forgiveness due to a law signed by President Barack Obama before he left office. The Flint Journal ( ) says Flint has been paying interest on the loans.

The newspaper says Baird made remarks about loan forgiveness at a Feb. 17 meeting. Meanwhile, the state has said it will stop subsidizing water bills and stop payments to Flint's water supplier. Flint has been struggling for two years because of lead-tainted water, although the quality is improving.

Mayor Karen Weaver believes Flint residents should continue to get financial help until water can be consumed without a filter.