The links below provide potential loan applicants with complete information for the 2010 SRF project solicitation process. All potential projects must complete a pre-application in order to be included in the 2010 SRF Intended Use Plan.
CLEAN WATER STATE REVOLVING FUND (CWSRF)
The Clean Water State Revolving Fund (CWSRF) is a federally funded loan program that can provide funding for a wide variety of water quality and non-point source projects. System improvement loans and economic development loans are CWSRF eligible. The CWSRF loan program carries a low interest rate with a 20-year maximum payback term. In 2010 the Georgia Environmental Finance Authority will apply for $34,449,000 in CWSRF funds. These funds will be used to offer special financing terms to applicants on the CWSRF Fundable Priority List. Additionally, the CWSRF Program has approximately $117,000,000 in funds to provide other low-interest loans to other qualified applicants on the CWSRF Fundable Priority List. Please see the link to the Solicitation Document below for complete details.
DRINKING WATER STATE REVOLVING FUND (DWSRF)
The Drinking Water State Revolving Fund (DWSRF) is a federally funded loan program that can provide funding for water supply projects which address a public health or compliance related problem. This program cannot fund projects primarily for growth related purposes or projects designed specifically to address fire flow deficiencies. The DWSRF loan program carries a low interest rate with a 20-year maximum payback term. In 2010 the Georgia Environmental Finance Authority will apply for $32,071,000 in DWSRF funds. These funds will be used to offer special financing terms to applicants on the DWSRF Fundable Priority List. Additionally, the DWSRF Program has approximately $28,000,000 in funds to provide other low-interest loans to other qualified applicants on the DWSRF Fundable Priority List. Please see the link to the Solicitation Document below for complete details.
GREEN PROJECTS RESERVE (CWSRF & DWSRF)
The 2010 Appropriations Language for the SRF programs mandate that “To the extent there are sufficient eligible project applications, not less than 20% of the funds shall be used by the states for projects to address green infrastructure, water or energy efficiency improvements, or other environmentally innovative activities.” As a result, the Clean Water State Revolving Fund (CWSRF) has reserved $7,000,000 for CWSRF-Green Projects and the Drinking Water State Revolving Fund (DWSRF) has reserved $7,000,000 for DWSRF-Green Projects. These Green Projects carry a low interest rate as well as principal forgiveness with a 20-year maximum payback term. Please see the link to the Solicitation Document below for complete details.