Small Community Drinking Water (SCDW) Funding Program
Highlights
This program is an excellent fit for you as a business owner in a small disadvantaged community. You can access essential funding support—through low-interest loans, grants, and principal forgiveness—for projects that improve drinking water systems. From treatment systems to pipeline extensions, this program addresses your specific needs, helping to ensure compliance with state and federal regulations.
What’s more? There’s no strict payback timeline. This flexibility allows you to focus on your projects without the immediate pressure of repayment. By being approved, you'll not only enhance your infrastructure but also contribute to safer and cleaner drinking water for your community. This investment not only positions your business for growth but also elevates the quality of life for those you serve.
Applying is straightforward and designed with small communities in mind, making it easier for you to qualify. Don’t miss the chance to leverage this support to improve your drinking water systems and build a stronger future for your community.
Financing Details
Financing Type
The program offers low-interest loans and grants as part of its financing options. The loans are designed to facilitate the planning, design, and construction of drinking water infrastructure projects for eligible small disadvantaged communities.
Repayment Terms and Eligible Expenses
- Interest Rates: The loans come with low-interest rates, making them accessible for communities in need. Specific rates can vary, but they are generally lower than conventional loans.
- Repayment Term: The repayment terms can differ based on the project and financing structure, typically ranging from 20 to 30 years.
- Eligible Expenses: Funds can be used for various capital projects including treatment systems, distribution systems, interconnections, consolidations, pipeline extensions, water sources, and water meters.
Use of Funds and Associated Fees
- Ineligible Uses: The funds cannot be used for maintenance expenses or any projects that do not meet the program’s eligibility requirements.
- Fees: There may be some minimal administrative fees associated with the application process. However, these are typically low to ensure that funding remains accessible for small disadvantaged communities.
Qualifications
- Population: Must have a population of no more than 10,000.
- Service Connections: Must have no more than 3,300 service connections.
Economic Criteria:
- Must be a disadvantaged community (DAC) with a median household income (MHI) less than 80% of the average statewide MHI.
- Severely disadvantaged communities (SDACs) must have an MHI less than 60% of the average statewide MHI.
Disqualifications:
No specific disqualifications mentioned.
Description
This program offers significant financial help to improve your drinking water systems. You can receive low-interest loans, grants, and even principal forgiveness for projects that enhance your drinking water infrastructure. Whether it's a treatment system, distribution systems, or pipeline extensions, this support is designed to meet your needs while ensuring compliance with state and federal regulations.
Using these funds, you can work on essential improvements for your community, allowing for safer, cleaner drinking water. This assistance is aimed specifically at small disadvantaged communities, so you can expect tailored help that makes a real difference.
The best part? There’s no strict payback timeline, which gives you the flexibility to focus on your projects without the pressure of immediate repayment. This initiative is here to support you in making your community a better place to live and thrive.
Program Steps
Visit the program website. Start by accessing the official website for the funding program to gather detailed information and updates.
Prepare the appropriate documentation. Collect the necessary documents to complete your application, including:
- Business tax identification number
- Financial statements (balance sheet, income statement)
- Project budget and scope of work
- Description of the current drinking water system
- Compliance evidence with state and federal regulations (if applicable)
Complete the application form. Fill out the application form accurately, ensuring all required fields are completed.
Submit your application. Send your completed application and supporting documents through the designated submission method outlined on the program's website.
Follow up on your application. After submission, check back for updates or requests for additional information from program administrators.
Prepare for any interviews or presentations. Be ready to discuss your project and its benefits to the community if asked by program administrators.
Await funding decision. Keep an eye on your communication channels for an update on your application status.
Plan your project. If approved, start planning the implementation of your drinking water system project.
