Small Community Clean Water/Wastewater (SCWW) Funding
Highlights
This program is designed specifically for small disadvantaged communities like yours, providing essential financial assistance for water quality improvement projects. By applying, you gain access to low-interest loans and grants, which can help fund important initiatives such as wastewater treatment facilities and sewer systems. These funds not only enhance infrastructure but also reflect your commitment to fostering a healthier environment for your community.
Participating in this program offers significant benefits for your business. Improved water quality can lead to better health outcomes, making your community more appealing to new residents and businesses. Moreover, some financing options include potential forgiveness of part of the loan, easing your financial commitment.
Qualifying for this program is made simpler with no revenue or employee restrictions. This means that your business can focus on what truly matters—using the funding to make impactful changes that benefit you and your community. Embrace this chance to lead the way in promoting resilience and sustainability in your area.
Financing Details
Type of Financing
This program offers a combination of low-interest loans and grants. The loans are tailored for public facilities like wastewater treatment plants, sewer systems, and water reclamation facilities. Grants may also include principal forgiveness, which means some part of the loan may not need to be repaid, easing your financial burden.
Repayment Terms and Eligible Expenses
- Interest Rates: The loans feature low-interest rates, making them affordable for small disadvantaged communities. Specific rates may vary, but they are set up to provide manageable financial support.
- Repayment Terms: Terms can typically be flexible, accommodating the needs of each community while ensuring the funds are used effectively.
- Eligible Expenses: Funds can be used for planning, designing, and constructing publicly-owned facilities involved in water improvement projects, like wastewater treatment plants and stormwater treatment systems.
Restrictions and Fees
- Ineligible Uses: Funds cannot be used for private projects or any expenditures unrelated to the designed infrastructure improvements mentioned above.
- Fees: Be aware that while this program offers generous financial support, there may be some minor fees associated with securing the funding. Always review these details beforehand to avoid surprises.
Qualifications
- Population Size: Must be in a small community with a population of less than 20,000.
- Community Status: Must be a disadvantaged community (DAC) with a median household income (MHI) less than 80% of the average statewide MHI, or a severely disadvantaged community (SDAC) with an MHI less than 60% of the average statewide MHI.
- Location: Must be located in the state where the program is available.
- Company Structure: All legal and profit structures are applicable.
- Employees: No minimum or maximum number of employees is required.
- Revenue: No minimum or maximum revenue qualifications are necessary.
Description
The program offers financial assistance to help small disadvantaged communities improve their water quality. You can access low-interest loans and grants to fund important projects like wastewater treatment facilities, sewer systems, and storm water management. This support helps ensure your community has safe, clean, and reliable drinking water.
The funds can be used for planning, designing, and constructing publicly-owned facilities that serve your area's needs. This is a valuable opportunity for you to enhance the infrastructure that supports your business and community. Additionally, some financing options may even include forgiveness of part of the loan, easing your repayment burden.
By participating in this program, you position your business as a proactive leader in fostering community resilience. Improved water quality can lead to better health outcomes and a more attractive environment for residents and businesses alike.
Program Steps
Visit the Program Website
Go to the designated website to get all the details about the program and its requirements.Prepare Your Business Plan
Outline a clear plan for how the funding will be utilized. This should include details about the water quality improvement project you're proposing.Gather Required Documentation
Collect the following documents for your application:- Business identification documentation
- Project proposal outlining the need and benefits
- Budget breakdown for project costs
- Evidence of community support (like letters of endorsement)
- Any relevant permits or licenses
Complete the Application Form
Fill out the application form accurately. Make sure all required fields are completed.Submit Your Application
Send your completed application along with the gathered documents to the specified submission address or through the online portal.Follow Up
After submission, keep track of your application status. Reach out to the program contact if you do not receive an update within a reasonable time.Prepare for Next Steps
Once you are notified of funding approval, follow any additional instructions provided by the program to access the funds.