| Program | Description & Eligibility |
Terms & Interest Rates |
Application Requirements |
Timing Requirement |
|---|---|---|---|---|
| A point-based program to assist communities facing life, health, or property water or sewer crisis |
$100,000 max.; 15% match funds from community |
Must receive at least 60 points to be placed on priority list |
None |
|
| A point-based program to assist smaller communities with water and sewer projects who lack sufficient fiscal capacity. |
Less than 7,000 population; preference given to towns < 1,750 or rural districts with < 525 non-pasture customers |
$150,000 max. Must receive at least 40 points to be placed on priority list |
Application deadline: first business day of September |
|
| Two low-interest loan programs to assist communities with municipal wastewater or public water supply infrastructure construction projects and other pollution control projects. |
CWSRF: 60% of market rate plus 55 basis points fixed + 0.5% admin.; 30-year
term |
Engineering & environmental report; public notice and hearing. |
Project must be ranked and listed on project priority list; Projects ready to proceed will receive higher points |
|
| A long-term; low-interest public water & sewer loan program offering variable interest rates, with a fixed rate conversion option. |
Variable or fixed rate, 30-year term |
Debt service reserve of 10% can be included in loan |
None |
|
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Page last updated: August 04, 2010 |