This program provides market-rate and below market-rate financing for the construction of certain eligible public water system projects for the protection of public health. Subsidized Financing: Applicants that do not qualify for hardship financing, but have a project on the annual list with a score above the subsidy line, may receive short-term subsidized financing. Environmental Review Requirements (Appendix C of Application Instructions), Short-Term Financing Policy (Appendix F of Application Instructions), David Phillips, P.E. In order to apply and receive for SRF financial assistance, all projects must be listed on the Annual list within the Intended Use Plan (IUP). For qualifying communities with demonstrated financial hardship, interest rates can be reduced to zero percent and grants may be provided. The states contribute an additional 20 percent to match the federal grants. The Drinking Water State Revolving Fund (DWSRF) is a financing program that provides below-market interest rate loans to community public water systems, nonprofit noncommunity public water systems, privately organized water suppliers and local governmental units to complete water infrastructure projects. Market-Rate Financing: Applicants that do not qualify for hardship or subsidized financing may receive a low-cost short-term market-rate financing. The program provides: Drinking Water State Revolving Fund (DWSRF) loans are available for the planning, design, and construction phases of public water systems. The Drinking Water State Revolving Fund (DWSRF) was created in 1996 as a result of the New York State enactment of the Clean Water/Clean Air Bond Act, as well as the passage of the 1996 amendments to the Safe Drinking Water Act by the U.S. Congress. Created by the 1996 Amendments to the Safe Drinking Water Act (SDWA) the program provides financial support to water systems and to state safe water programs. NYS Department of Health There are four distinct set-asides: Contact Us to ask a question, provide feedback, or report a problem. Drinking Water State Revolving Fund (DWSRF) loans are available for the planning, design, and construction phases of public water systems. Once requests are received projects are ranked. Click Before sharing sensitive or personal information, make sure you’re on an official state website. The State of Hawaii, Drinking Water State Revolving Fund program was established by the 1997 State Legislature as the result of the 1996 Federal amendments to the Safe Drinking Water Act. Eligible uses of financing may also include: The Infrastructure Bank provides approved borrowers with a discounted interest rate - currently 25% off an independently determined market rate. All interest earnings must remain in the fund to be used for eligible purposes. The Project Listing Form is used to rank and list the project in the Intended Use Plan. The 1996 Amendments to the Safe Drinking Water Act (SDWA) allowed EPA to make a grant to Oklahoma to fund a Drinking Water State Revolving Fund (DWSRF). Unsubsidized (Market Rate) financing is also available for projects below the subsidy line on the Final IUP Annual List, and for projects above the subsidy line that require short-term financing in excess of the amount available under the Short-Term Interest-Free Financing Program. The repayments could flow directly back into the dedicated revolving fund or they could flow back to a separate dedicated lending account for acquisition of land or conservation easements. DWSRF provides low-interest loans to cities, counties, utility districts, and water authorities for drinking water infrastructure. Pennsylvania Village to Get Safe, Reliable Water Supply. States have flexibility to tailor their ranking process while meeting the SDWA requirement to give priority to projects that: States may customize loan terms to meet the needs of small and disadvantaged communities or to provide incentives for certain types of projects. United States Environmental Protection Agency, Drinking Water State Revolving Fund (DWSRF), fixing leaky or old pipes (water distribution), replacing or constructing finished water storage tanks, other infrastructure projects needed to protect public health, Interest rates from zero percent to market rate, Address the most serious risks to human health, Are necessary to ensure compliance with the SDWA, Assist systems most in need according to state affordability criteria. The PWSS program is the core state drinking water program through which health-based regulatory standards for drinking water are implemented. The revenue generated is used to provide assistance to borrowers for eligible projects. This revolving fund provides loans and other authorized assistance to water systems for eligible infrastructure projects. Communities can be considered for funding if they request to be ranked on our project priority list. Due to the COVID-19 virus, GEFA staff are working remotely—with minimal staff in the office—to ensure our programs continue operating smoothly. These projects help achieve […] Projects closed with a Long-Term Market-Rate financing will remain eligible for subsidized funding for up to 5 years from the long-term financing closing date, and those projects will remain on the Annual Project Priority List during that period. DWSRF loan interest rates range from zero percent to market rate depending on the community's economic stability, census data, and financial status determined by the state’s Ability To Pay Index. States have the option of taking a variety of set-asides. Contact Us to ask a question, provide feedback, or report a problem. Drinking Water State Revolving Fund (DWSRF) program is a federal-state partnership to help ensure safe drinking water. This program is funded through federal and state money and subject to state laws and additional federal regulations. Anna Coelho Cortes After taking their set-asides, states place the balance of their capitalization grant, together with the state match, into a dedicated revolving loan fund. Drinking Water State Revolving Fund (DWSRF) loans are available for the planning, design, and construction phases of public water systems. This expands the capacity of a program in the near term. Long-term financings are generally available for terms of up to 30 years. Additional subsidization may be provided as: Review EPA's one-stop-shop manual for DWSRF eligibility questions. All of these practices have huge benefits to overall watershed health. An official website of the State of Georgia. Review loan documents, including loan program policies. An official website of the State of Georgia. The goal of the Service-Disabled Veteran-Owned Business Act is to encourage and support eligible SDVOBs to play a greater role in the state's economy by increasing their participation in New York State's contracting opportunities. Projects to provide the public with safe, affordable drinking water. A DWSRF program may refinance previously issued debt. Source water protection programs are designed to prevent contaminants from entering drinking water supplies. Contact the DWSRF program in your state or information on how to apply. Building on a federal investment of over $21.0 billion, the state DWSRFs have provided more than $41.1 billion to water systems through 2019. IUP Listing, Scoring, and Ranking Process: Information provided by the applicant on the DWSRF Listing Form is used to score and rank projects (described in detail in the IUP). email@example.com, Minority- and Women-Owned Business Enterprise-Equal Employment Opportunity. Green projects may be eligible for subsidies, including further reduced interest rates. In addition to the subsidy line, the Annual List has a Hardship Evaluation Eligibility Line. Requirements regarding prevailing wages, hours of work, and rates of pay are required for construction contracts in excess of $2,000 and are funded wholly or in part by SRF financial assistance. An official website of the United States government. Develop and implement a capacity development strategy. The Drinking Water State Revolving Fund (DWSRF) was created in 1996 as a result of the New York State enactment of the Clean Water/Clean Air Bond Act, as well as the passage of the 1996 amendments to the Safe Drinking Water Act by the U.S. Congress. Drinking water systems that are eligible for DWSRF project funding are community water systems, both municipally and privately-owned, and non-profit, non-community water systems. These financings and grants have assisted with protecting public health by making 780 drinking water system infrastructure projects more affordable for residents throughout New York State. (518) 402-7650 or 1-800-458-1158 As money is paid back into the state’s revolving loan fund, the state makes new loans to other recipients. The criteria are based on: All projects are scored, ranked, and listed on the Annual List and/or Multi-Year List. Eligible projects those that relate to the planning, design and construction of safe drinking water supply, treatment, and transmission infrastructure. Loans to provide funding to implement voluntary, incentive based source water quality protection measures. Administer the state Public Water Supply Supervision (PWSS) program. The Drinking Water State Revolving Fund (DWSRF) makes funds available to drinking water systems to pay for infrastructure improvements. To provide assistance through a capacity development strategy. Once DOH project engineers score each individual project, projects that are expected to be ready for the next financing period will be added to the Annual List. This map is meant for general information about projects funded through the Clean Water State Revolving Fund and Drinking Water State Revolving Fund. Eligibility for principal forgiveness is restricted to communities with a population of 10,000 or less combined with an ATPI of 50 or less. These loans would be subject to the same requirements as DWSRF infrastructure loans. for more information on eligible DWSRF projects. Interest rates are fixed for the life/term of the loan and the maximum loan term is 30 years or the design life of the drinking water infrastructure, whichever is shorter.
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