Can the Drinking Water State Revolving Loan Fund (DWSRF) be used by a grantee for the match?
Yes – the DWSRF is a special loan fund with a low interest rate. Unlike other State Revolving Loans there is no discount for disadvantaged communities. The loans can be for 5 – 20 years. The interest rate varies with the term of the loan. The current rates are shown below: Term of Loan Charge Rate 5 years 1.395% 10 years 2.790% 15 years 4.185% 20 years 4.464% • How do I get a Drinking Water State Revolving Loan? The process to obtain the loan begins with completing a DWSRF loan application form. Applications can be obtained by contacting Sarah Pillsbury at 271-1168 or sarah.pillsbury@des.nh.gov. • How do I calculate match? Match is 25% of the total cost of acquiring the source water protection lands (including match properties) specified in the application. The following example will illustrate how match will be calculated: Example of Match Calculation for Different Types of Projects For each example, 60 acres in the source water protection area are being purchased by the water supplie
Related Questions
- If a grantee manages a revolving loan fund distribution account themselves but retains a third party program administrator, how do they obligate funds?
- What action is necessary for a State to demonstrate that it has obligated SEP funds for a revolving loan fund?
- What is the State Revolving Loan Fund (SRF) program?
