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Financial AssistanceResourcesFinancing Program Summary Data.xls Financing Brochure Loan & Grant Resource Guide Frequently Asked Questions ORWA Training EventsNew Independent Registered Municipal Advisor Certificate for SRF Programs Compare Interest Rates Water & Wastewater Planning GuidesRelated PagesAmerican Recovery & Reinvestment Act Funding Agency Coordinating Team (FACT)Program ContactsJoe Freeman, Chief Lori Johnson, Assistant ChiefFinancial Assistance Division Loan ReportsAudits of the FAP, CWSRF, & DWSRF Loan Programs Annual Reports & Intended Use Plans DWSRF Project Priority List (ODEQ) Loans Approved and FundedGrant ReportsEmergency Grants Priority List REAP Grants Priority List Emergency Grants Approved and Funded REAP Grants Approved and FundedRelated SitesAssociation of Clean Water Administrators DEQ Water Quality Programs EPA Clean Water Financing EPA Clean Water Needs Survey EPA Groundwater & Drinking Water EPA Office of Wastewater Management EPA Office of Water EPA Oklahoma Drinking Water Online EPA Planning for Sustainability - A Handbook for Water and Wastewater Utilities EPA Water Quality Standards Academy Stormwater Manager's Resource Center US Water News USDA Rural Development in Oklahoma USDA Rural Utilities ServiceThe OWRB Financial Assistance Division assists communities in their efforts to protect and conserve Oklahoma’s water resources for current and future generations through cost-effective financial products, technical assistance and high quality customer service. As of September 2, 2016, the OWRB Financial Assistance Division has approved 2,084 loans and grants for a total of $3,443,440,788. These financing opportunities have saved Oklahoma communities an estimated $1,173,027,380 over conventional financing options. Who Qualifies for Financing?Eligible entities include political subdivisions of the state, such as:
What Projects are Eligible?
Loan ProgramsClean Water State Revolving Fund (CWSRF) LoansThe CWSRF loan program is funded by EPA capitalization grants, state matching funds, and bonds. The CWSRF is administered by the OWRB. The interest rate is fixed at 60% of AAA market rate plus 70 basis points. Drinking Water State Revolving Fund (DWSRF) LoansThe DWSRF loan program is funded by EPA capitalization grants, state matching funds, loan repayments, investment earnings, and bonds. The DWSRF is administered cooperatively by the OWRB and the Oklahoma Department of Environmental Quality (ODEQ). The interest rate is fixed at 70% of AAA market rate plus 70 basis points. Financial Assistance LoansThe OWRB's long term, low interest revenue bond loan program offers a variable interest rate wth a fixed rate conversion option. The variable interest rate is at 1.51%; the fixed interest rate is the AAA market rate. Note: a 0.5% administrative fee is added to all CWSRF and DWSRF loans Water & Wastewater Loans Interactive Map Viewer Grant ProgramsEmergency GrantsThe Emergency Grant Program is point-based designed to assist communities facing crises which threaten life, health, or property. Rural Economic Action Plan (REAP) GrantsThe REAP Grant Program is a point-based program designed to assist smaller communities that lack sufficient fiscal capacity. Cities, towns, and municipalities with a population less than 1,750 are given priority. Rural water and/or sewer districts with less than 525 non-pasture customers are also given priority. Water for 2060 Drought GrantsProjects to be considered for this grant funding must demonstrate water efficiency and support drought resiliency within the community or water/wastewater system. Water efficiency encompasses conservation and reuse efforts, as well as water loss reduction and prevention, to protect water resources for the future. Emergency Drought GrantsWhen Oklahoma is suffering from drought conditions and the governor subsequently declares a formal state drought emergency, the OWRB can offer limited grant assistance to alleviate related community impacts. Emergency Drought Commission & Relief FundOklahoma's Emergency Drought Relief Fund, enabled through passage of Enrolled House Bill 1923 in 2012, provides funding for drought mitigation and related projects in Oklahoma in conjunction with a formal gubernatorial drought declaration. Water & Wastewater Grants Interactive Map Viewer |
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Page last updated: September 06, 2016 |