| Loan Program |
Application Cycle |
When $ become Available |
Loan Limit |
Interest Rate |
Local Match |
Loan Term |
Project Completion |
|
PWTF Construction |
Annual Apps Due May |
Upon Legislative Approval, (the Following Spring) |
$10 Million per Jurisdiction Per Biennium |
0.5% - 2% linked to local match |
5% -15% linked to interest rate (minimum of 5%) |
Life of the project, or 20 years maximum |
48 Months |
|
PWTF
Pre-Construction
|
On-going Pending $ Availability |
Upon Board Approval |
$1 Million per Jurisdiction per Biennium |
0.5%-2% linked to local match |
5% -15% linked to interest rate (minimum of 5%) |
5 year maximum, or 20 years with proof of construction
financing |
18 Months |
|
PWTF
Planning
|
On-going Pending $ Availability |
Upon Board Approval |
$100,000 per Jurisdiction per
Biennium |
0% |
None |
6 Years |
18 Months |
|
PWTF
Emergency |
On-going, Pending $ Availability |
Upon Board Approval |
$500,000 per Jurisdiction per Biennium |
3% |
None |
Life of the project, or 20 year maximum |
12 Months |
|
Drinking Water State Revolving Fund (DWSRF) |
Annual Apps due May |
Upon Board Approval & EPA Approval |
$4 Million per Jurisdiction
per year |
0%-1.5% |
None, but there is a 1% loan fee |
Life of the project, or 20 years maximum |
36 Months |
|
|
|
