FILE: Dragon Boat racers prepare to launch at Lake Merced in San Francisco. The lake is part of san Mateo County's planned stormwater project aimed at reducing flood risks and stabilizing water levels. (Bay City News)

The U.S. Environmental Protection Agency has announced a $34 million loan to help fund a major stormwater infrastructure project aimed at reducing flood risks in San Mateo County. 

The financing, provided through the Water Infrastructure Finance and Innovation Act program, will support the Daly City Joint Powers Financing Authority’s Vista Grande Drainage Basin Improvement Project, according to Daly City officials. 

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