This program is designed to support projects that improve drinking water safety, and it could be a game changer for your business. You may receive funding of up to 100% for eligible project costs, starting from a minimum of $2,000,000. Whether you need to construct treatment facilities, enhance water sources, or improve distribution systems, this funding is tailored to suit those essential needs while helping your community.

Financing terms are highly favorable. Interest rates can be as low as 0% or, at the very least, half of California's average rates. Plus, you’ll benefit from flexible repayment options that can extend for 30 to 40 years or match the useful life of your construction. This eases your financial burden and allows you to focus on what truly matters—growing your business while making a positive impact on public health.

By applying, you’re not just securing funds; you’re investing in your infrastructure with minimal risk. Access to these grants and loans means you can upgrade your facilities without breaking the bank. It's a pathway to not only enhance your operational capabilities but also to contribute significantly to the health and well-being of your community.

Type of Financing
This program offers principal forgiveness (PF) and grants for community water systems. You can receive funding from $2,000,000 up to 100% of total eligible project costs. This means, depending on your project's specifics, you might not have to repay this money at all.

Repayment Terms
If a repayment is required, the financing terms can range from 0% interest to half of California's average general obligation bond rate for the previous year. Repayment can be spread out over a period of 30 to 40 years or the useful life of the financed construction facilities. This makes it easier to manage payments without breaking the bank.

Eligible and Ineligible Expenses
You can use the funds for costs related to the construction of water system infrastructures such as treatment facilities, water sources, storages, and distribution systems, as well as planning and design, administration, and construction management. However, funds cannot be used for anything not directly related to the construction of these water systems. As for fees, there are no specified fees mentioned for the program, which is a relief!

• Location: The business must be a community water system (CWS) operating in California.
• Funding Amount: Eligible community water systems can receive funding from a minimum of $2,000,000 to up to 100% of total eligible project costs.
• Employees: No minimum or maximum number of employees is required.
• Company Revenue: There are no minimum or maximum revenue qualifications.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications:

• The business must not be a type other than a community water system (CWS).

This program is designed to help improve drinking water safety, especially for the communities that need it most. Your business could receive up to 100% funding for project costs, with a minimum grant of $2,000,000. This funding can cover various needs, like constructing treatment facilities, improving water sources, and enhancing distribution systems. It's a significant opportunity, especially if your project addresses serious health risks or compliance with regulations.

When it comes to financing, you can benefit from very favorable terms. Interest rates can be as low as 0%, or up to half of California's average rates. Plus, you could have the option to repay the funding over a long period—30 to 40 years, or for the useful life of the facilities you are constructing. This makes it easier for your business to manage financial commitments while improving public water safety.

Beyond general construction costs, the funding also supports planning, design, and land acquisition. Access to these funds means you can enhance your infrastructure without bearing the full financial burden. This can help you focus more on your core business while contributing to the community’s health and well-being.