Water and Waste Disposal Loans and Grants
Type of Assistance: Loans
Industry: Cities, Counties, Townships
Maximum Amount Available: $0
Qualifier or Eligibility
- Applicants are public bodies. Cities,
- townships and counties under 10,000
- population unable to borrow money
- elsewhere water & sewer system, lines,
- pumping stations, storage tanks,
- treatment plant water system improvements
- Grants available if the median income is
- $46,993 or below.
Funds
- Grants if MHI is below $46,993.
- Loans: No higher than Commercial bond rate
- or as low as 4.5%. Loan term: 40 years.
- Security is general obligation bonds. Loan
- interest rate depends upon the median
- household income of the borrower.
- Maximum grant to any on borrower 75%
- of eligible cost
