Water & Wastewater Disposal Grant and Loan Program
Type of Assistance: Loans
Industry: Non-profit, Other
Maximum Amount Available: $0
Qualifier or Eligibility
- Applicants are public bodies - non profits.
- Cities, townships and counties under 10,000
- population. Applicant must be unable to
- borrow money elsewhere at rates and
- terms to make the project affordable.
- Water and waste disposal system, solid waste
- systems and construction.
Funds
- Grants if MHI is below $46,993
- Loans: No higher than commercial bond
- rate or as low as 3.25%. Loan term:
- 40 years years security is general
- obligation. Loan interest rate depends
- upon the median household income of
- the borrower. Maximum grant to any one
- borrower 75% of eligible cost.
