Drinking Water Revolving Fund

  • Drinking Water Revolving Fund

    Michigan's Drinking Water Revolving Fund (DWRF) program is designed to assist water suppliers in satisfying the requirements of the Safe Drinking Water Act by offering low-interest loans of 2% (for 20 and 30-year loans) for fiscal year (FY) 2020 to eligible water suppliers. The Michigan DWRF program (Part 54 of PA 451, 1994) was established in June 1997. As of October 1, 2017, the DWRF program has provided low-interest loans for 288 projects, totaling $949 million.  It is anticipated that new funding will be made available to subsidize disadvantaged communities in FY 2019.

    Green projects are encouraged.  If you have projects with components that address green infrastructure, water or energy efficiency improvements, or other environmentally innovative activities, project plans will need to be submitted by May 1, 2019.  Please refer to the Green Project Reserve Guidance below for further information.

    If you are interested in applying for a DWRF loan, a final project plan must be submitted or postmarked on or before May 1 to be considered for funding in FY 2020.  The real discount rate (which does not include an inflation premium) is 0.2% or .002 for a 20-year period. This rate should be used in project planning for cost-effectiveness analysis only.

     

    NEW!  Drinking Water Revolving Fund (DWRF) Second Call for Projects for Fiscal Year (FY) 2019

    The FY 2019 DWRF intended Use Plan (IUP) and Project Priority List (PPL), issued September 2018, identified a fundable range of $53 million worth of projects. There are more funds available than the current demand, therefore, the Revolving Loan Section is soliciting additional DWRF projects for FY 2019 funding. Eligible projects for this "second call" project plan submittal are those that will be addressing an identified public health threat, such as lead, perfluoroalkyl and polyfluoroalkyl (PFAS), or other contaminates. An Intent-to-Apply form, which can be found on our website under Forms, or by clicking this Intent-to-Apply link, is due no later than January 14, 2019, and final project plans are due no later than March 15, 2019. Following receipt and review of the final project plans, the RLS will amend the FY 2019 IUP and make it available to the public before issuing the final document. Some additional principle forgiveness is anticipated to be available and will be determined once the project plans are submitted. 

     

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