All projects are rated on water conservation, implementation of water plans, energy efficiency, asset management, and affordability factors. Funding Options Information on current funding options is available in the Intended Use Plan (IUP) on the TWDB web site . A total of $525,000,000 is available for SFY 2016. The amount of funds available is allocated to the following funding options. Funds Available Funding Option Allocation Additional Subsidization: a. Disadvantaged Communities (UEquivalency only) $14,345,100 b. Green Projects (UEquivalencyU or $4,781,700 UNon-Equivalency) Bonds/Loans (Equivalency or Non-Equivalency) $505,873,200 Total $525,000,000 Additional subsidization is provided in the form of principal forgiveness to Disadvantaged Communities. Other Purposes are water efficiency, energy efficiency, mitigation of stormwater runoff, and encouragement of sustainable project planning, design, and construction, which includes Subsidized Green. In accordance with the WRRDA, the CWSRF may only provide additional subsidization to a municipality or intermunicipal, interstate, or State agency. Private and non-profit entities, including water supply corporations and water supply and sewer service corporations, are no longer directly eligible, although agreements from a municipality to these private and nonprofit entities are allowable. Disadvantaged Community Funding (Equivalency only) For an entity to qualify as a disadvantaged community, the community must meet the CWSRF’s affordability criteria based on income, unemployment rates, and population trends. In addition, the entity must be eligible to receive additional subsidization as stated above. In summary, the Annual Median Household Income (AMHI) of the entity’s area to be served, must be less than or equal to 75% of the State’s AMHI and the Household Cost Factor that considers income, unemployment rates, and population trends must be greater than or equal to 1% if only water or sewer service is provided or greater than or equal to 2% if both water and sewer service are provided. The percent of principal forgiveness is based on the difference between the calculated and minimum required household cost factors, as illustrated in the following table: Principal Forgiveness as a % of Household Cost Factor Difference estimated project costs 0% and < 1.5% 30% ≥ 1.5% and < 3% 50% ≥ 3% 70% ≥
All projects are rated on water conservation, implementation of water plans, energy efficiency, asset management, and affordability factors. Funding Options Information on current funding options is available in the Intended Use Plan (IUP) on the TWDB web site . A total of $525,000,000 is available for SFY 2016. The amount of funds available is allocated to the following funding options. Funds Available Funding Option Allocation Additional Subsidization: a. Disadvantaged Communities (UEquivalency only) $14,345,100 b. Green Projects (UEquivalencyU or UNon-Equivalency) $4,781,700 Bonds/Loans (Equivalency or Non-Equivalency) $505,873,200 Total $525,000,000 Additional subsidization is provided in the form of principal forgiveness to Disadvantaged Communities. Other Purposes are water efficiency, energy efficiency, mitigation of stormwater runoff, and encouragement of sustainable project planning, design, and construction, which includes Subsidized Green. In accordance with the WRRDA, the CWSRF may only provide additional subsidization to a municipality or intermunicipal, interstate, or State agency. Private and non-profit entities, including water supply corporations and water supply and sewer service corporations, are no longer directly eligible, although agreements from a municipality to these private and nonprofit entities are allowable. Disadvantaged Community Funding (Equivalency only) For an entity to qualify as a disadvantaged community, the community must meet the CWSRF’s affordability criteria based on income, unemployment rates, and population trends. In addition, the entity must be eligible to receive additional subsidization as stated above. In summary, the Annual Median Household Income (AMHI) of the entity’s area to be served, must be less than or equal to 75% of the State’s AMHI and the Household Cost Factor that considers income, unemployment rates, and population trends must be greater than or equal to 1% if only water or sewer service is provided or greater than or equal to 2% if both water and sewer service are provided. The percent of principal forgiveness is based on the difference between the calculated and minimum required household cost factors, as illustrated in the following table: Household Cost Factor Difference Principal Forgiveness as a % of estimated project costs ≥ 0% and < 1.5% 30% ≥ 1.5% and < 3% 50% ≥ 3% 70%
CW2016Guid-YR.docx