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Fund A - Wastewater

 

Interest Rates:

These rates are effective July 1, 2018, and are subject to change. 

 

Repayment Period:

First repayment due within one year of project completion.  Thirty-year loans may be available for disadvantaged communities.

SFY 2019
Loan TypeMHI ThresholdInterest Rate
Construction> or = $44,8113.00%
Construction$35,850 - $44,8102.00%
Construction< or = $35,8490.50%
Planning and DesignNA3.00%

 

Application Fee:

None

 

Loan Service Fee:

A fee of 0.20% of the unpaid loan balance paid annually.

 

Loan Payment Frequency:

Semi-annually each June 1 and December 1.

 

Replacement Reserve:

5% of the gross KIA loan amount funded over 20 years and maintained by the borrower for the life of the loan.

 

Eligibility:

Must be for wastewater treatment facilities that comply with the Clean Water Act. Project must be included on the project priority list in the Intended Use Plan for the Clean Water State Revolving Fund loan program.

 

Priority of Loan Awards:

Awards are based on the project ranking on the Clean Water Project Priority List. Applicants are invited to apply for funding based on the degree of environmental impact of the project.

 

Types of Projects that get Funded:

Sewer collection lines, new Wastewater Treatment Plants, Stormwater Projects, Detention Basins, etc.​