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Wennilyn Fua, P.E. State Water Resources Control Board Stormwater Financing Forums April 3, 2017 – Alhambra, CA April 5, 2017 – Oakland, CA State Revolving Fund Loans and Principal Forgiveness 1

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Page 1: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

Wennilyn Fua, P.E.State Water Resources Control Board

Stormwater Financing ForumsApril 3, 2017 – Alhambra, CAApril 5, 2017 – Oakland, CA

State Revolving Fund Loans and Principal Forgiveness

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Page 2: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

Eligibility under the Clean Water State Revolving Fund (CWSRF) Green Infrastructure Sample Projects CWSRF terms/Principal Forgiveness (PF)Potential Sources of Revenue for Loan Repayment

Overview

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Page 3: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

Section 603(c)(5) of the FWPCA states that CWSRF may provide assistance:

(5) for measures to manage, reduce, treat, or recapture stormwater or subsurface drainage water

CWSRF and Stormwater Projects

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Page 4: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

Green Infrastructure – practices that manage wet weather and that maintain and restore natural hydrology by infiltrating, evapotranspiring and harvesting and using stormwaterRegional scale Local scale

Green Infrastructure

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Page 5: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

Stormwater harvesting/reuse – cistern, distribution pipesGreen streets – bioretention, permeable

pavementRiparian buffers – wetlands, floodplainsSustainable landscaping and site design

Green Infrastructure Projects

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Page 6: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

San Francisco Public Utilities CommissionLake Merced Green InfrastructureBioretention planters/corner bulboutsReplacement of impervious asphalt/

concrete pavement with pervious concreteProject Cost - $7,435,000

Projects with stormwater components(Agreement Executed)

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Page 7: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

Before picture

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Page 8: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

Construction Photo

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Page 9: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

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Page 10: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

Sustainable Water Infrastructure Project (SWIP)1. Integrated harvesting and treatment of

municipal wastewater, stormwater and brackish impaired groundwater

2. Stormwater harvesting, storage and treatment3. Conjunctive reuse – aquifer recharge and

indirect potable reuse Total Project Cost - $56,885,903

City of Santa Monica(application in process)

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Page 11: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

Up to 30-year loan term or useful life of the project Low interest rate - ½ of State’s

general obligation bond rateCurrently 1.8 %Historical Interest rate: 1.5% to 2.7%

California CWSRF

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Page 12: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

Green Project Reserve categories75% of planning costs up to $500,00050% of eligible costs up to $4Maggregate of planning and construction

cost not to exceed $4M in PF

Principal Forgiveness Eligibility

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Page 13: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

CaliforniaTaxes (hotel, transit)Wastewater user charges/feesNew Senate Bill SB231 Other stateRates calculated based on impervious area

Stormwater Infrastructure Funding

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Page 14: State Revolving Fund Loans and Principal Forgiveness · State Revolving Fund Loans and Principal Forgiveness 1 ... concrete pavement with pervious concrete ... PowerPoint Presentation

Wennilyn Fua916 [email protected]

State Water Resources Control Board – Division of Financial Assistancehttp://www.waterboards.ca.gov/water_issues/programs/grants_loans/

Financial Assistance Application Submittal Tool (FAAST)https://faast.waterboards.ca.gov/

GPR - U.S. EPA’s Guidance for Determining Project Eligibility https://www.epa.gov/sites/production/files/2015-04/documents/green_project_reserve_eligibility_guidance.pdf

Contact information and weblinks

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