Below is a recap of available financial resources for drinking water and wastewater systems provided through the Texas State Water Development Board. Attached to the web article is the program assistance contact list.
The Clean Water State Revolving Fund (CWSRF) provides loans for wastewater-related projects at interest rates lower than those offered by commercial markets. Projects include treatment facilities, collection systems, storm water and nonpoint source pollution control and estuary management. The program also provides additional subsidies, in the form of loan forgiveness, for applicants meeting certain program criteria, such as disadvantaged communities or green infrastructure.
The Drinking Water State Revolving Fund (DWSRF) provides loans for drinking water projects at interest rates lower than those offered by commercial markets. Projects include treatment facilities, distribution systems, consolidation, and source water protection. The program also provides additional subsidies, in the form of loan forgiveness, for applicants meeting certain program criteria, such as disadvantaged communities or green infrastructure.
The Texas Water Development Fund (TWDF) is a streamlined, state loan program. The program includes loans for water supply, conservation, water quality enhancement, flood control, and municipal solid waste. The flexibility of this program allows the TWDB to fund projects with both water and wastewater-related purposes in one loan while offering low-interest rates.
The Economically Distressed Areas Program (EDAP) provides financial assistance in the form of a grant or a combination grant/loan for water and wastewater services to economically distressed areas where services do not exist or existing systems do not meet state standards. The program also includes measures to prevent future substandard development by requiring Model Subdivision Rules.
The Rural Water Assistance Fund (RWAF) provides small rural water utilities with low-cost financing for water and wastewater construction projects. The TWDB offers attractive interest rate loans with long-term finance options. In addition, entities, such as water supply corporations, who generally utilize taxable financing are able to access lower interest rate loans through the program.
The State Participation Program (SP) enables the TWDB to assume a temporary ownership interest in a regional project when the local sponsors are unable to assume the total debt for an optimally sized facility. The project sponsor then repurchases the TWDB’s interest in the project under a payment schedule that allows for the deferral of principal and interest payments.
The State Water Plan Funding provides for financing of projects in the state water plan. Projects will be prioritized based on legislative direction and are required to be recommended strategies in the state water plan. The program provides loans at interest rates lower than those offered by commercial markets, and extended repayment terms. Projects include water conservation and reuse, desalting groundwater and seawater, building new pipelines, developing reservoirs and well fields, and many more.
See attachment for the Texas Water Development Board financial assistance programs contact list.