Loan

Environmental Facilities Corporation (EFC) Industrial Finance Program (IFP)

The Industrial Finance Program (IFP) provides low-cost financings to businesses for projects related to waste management, pollution control, drinking water, wastewater and solid waste facility improvements, and environmental regulation compliance.

Eligible Recipients:
Public and private entities.

Eligible Projects:

The Industrial Finance Program projects that have a public benefit may quality as tax exempt if 95% or more of the net proceeds are used to fund these following types of facilities:

  • Solid waste facilities and equipment for the handling, disposal, transportation, and recycling of solid waste such as municipal solid waste landfills, construction and demolition landfills, ash-fills, hauling/transport equipment and transfer stations, resource recovery facilities, and recycling facilities and equipment. Bond Counsel options as to eligibility are usually required.
  • Sewage treatment facilities for privately owned wastewater treatment facilities serving the public, including sewers, piping, force mains, pumps, clarifiers, and sludge handling facilities that fall below D.O.B. limits.
  • Drinking water supply and management facilities such as mains, piping, wells, treatment works, finished water reservoirs, and other storage facilities for public use.
  • Industrial hazardous waste disposal facilities for landfill and incineration of hazardous waste, and capital costs associated with Brownfields site remediation.

Other types of environmental facilities may be financed with taxable IFP bonds. In certain cases, the most economical way to finance a particular project may be to use funding from both the IFP and the Clean Water State Revolving Fund and Drinking Water State Revolving Fund programs.

Funding Source:
Environmental Facilities Corporation (EFC)

Funding Amount:
The minimum amount of an IFP financing is approximately $10 million. There is usually no maximum limit. The financing is subject to certain federal and state law requirements and approvals, including obtaining a state tax-exempt bond volume cap. IFP bonds may be amortized for a term of up to 40 years, depending on the useful life of the facilities that are financed and other factors.

Deadline:
Ongoing

Contact:
Brian McClintock
Finance Manager
(518) 402-7085
finance@efc.ny.gov

More Information:
https://www.efc.ny.gov/IFP

USDA Water & Waste Disposal Loan & Grant Program in Puerto Rico

This program provides funding for clean and reliable drinking water systems, sanitary sewage disposal, sanitary solid waste disposal, and storm water drainage to households and businesses in eligible rural areas.

Eligible Recipients:
This program assists qualified applicants who are not otherwise able to obtain commercial credit on reasonable terms. Eligible applicants include:

  • Most state and local governmental entities
  • Private nonprofits
  • Federally-recognized tribes

Areas that may be served include:

  • Rural areas and towns with populations of 10,000 or less — check eligible addresses
  • Tribal lands in rural areas
  • Colonias

Eligible Projects:

Funds may be used to finance the acquisition, construction or improvement of:

  • Drinking water sourcing, treatment, storage and distribution
  • Sewer collection, transmission, treatment and disposal
  • Solid waste collection, disposal and closure
  • Storm water collection, transmission and disposal

In some cases, funding may also be available for related activities such as:

  • Legal and engineering fees
  • Land acquisition, water and land rights, permits and equipment
  • Start-up operations and maintenance
  • Interest incurred during construction
  • Purchase of facilities to improve service or prevent loss of service
  • Other costs determined to be necessary for completion of the project
  • See 7 CFR Part 1780.7 and 1780.9 for a complete list

Funding Source:
United States Department of Agriculture (USDA)

Funding Amount:
Long-term, low-interest loans. If funds are available, a grant may be combined with a loan if necessary to keep user costs reasonable.

Funding Deadline:
Applications are accepted year round.

Contact:
Brian Murray, Acting State Director
The Galleries of Syracuse
441 South Salina Street, Suite 357
Syracuse, NY  13202-2541
Voice: (315) 477-6400
www.rd.usda.gov/pr

More Information:
https://www.rd.usda.gov/programs-services/water-waste-disposal-loan-grant-program/pr

USDA Water & Waste Disposal Loan & Grant Program in New York

This program provides funding for clean and reliable drinking water systems, sanitary sewage disposal, sanitary solid waste disposal, and storm water drainage to households and businesses in eligible rural areas.

Eligible Recipients:

This program assists qualified applicants who are not otherwise able to obtain commercial credit on reasonable terms. Eligible applicants include:

  • Most state and local governmental entities
  • Private nonprofits
  • Federally-recognized tribes

Eligible Projects:
Funds may be used to finance the acquisition, construction or improvement of:

  • Drinking water sourcing, treatment, storage and distribution
  • Sewer collection, transmission, treatment and disposal
  • Solid waste collection, disposal and closure
  • Storm water collection, transmission and disposal

In some cases, funding may also be available for related activities such as:

  • Legal and engineering fees
  • Land acquisition, water and land rights, permits and equipment
  • Start-up operations and maintenance
  • Interest incurred during construction
  • Purchase of facilities to improve service or prevent loss of service
  • Other costs determined to be necessary for completion of the project
  • See 7 CFR Part 1780.7 and 1780.9 for a complete list

Funding Source:
United States Department of Agriculture (USDA) Rural Development

Funding Amount:
Long-term, low-interest loans. If funds are available, a grant may be combined with a loan if necessary to keep user costs reasonable.

Funding Deadline:
Applications are accepted year round and may be filed electronically using RD Apply. The RD Apply Customer Help Guide is provided to help you get started and work through the application process.

Contact:
Contact the local representative who serves your area
Participating nonprofits in your area may also offer assistance and training.

Or, participating nonprofits in your area may also offer assistance and training.

More Information:
http://www.rd.usda.gov/programs-services/water-waste-disposal-loan-grant-program