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Financial & Construction


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The Office of Drinking Water (ODW) Staff manage 2 funding sources under the Financial and Construction Assistance Programs (FCAP) consisting of the:

I. Drinking Water State Revolving Fund (DWSRF)Program

II. Water Supply Assistance Grant (WSAG) Fund Program

Construction applications for both sources are received on a year round basis.

Virginia Drinking Water State Revolving Fund (DWSRF) Program - federal and state funding with mix of loan and grant.

Construction Assistance

A. Construction Loan - Interest rates from 3% to ceiling rate (1% below municipal bond market rates. Maximum term 20 years. Lower rates and longer terms (to 30 years) are considered for waterworks meeting disadvantaged criteria.

B. Construction Grants - Will be considered for waterworks meeting disadvantaged criteria.

C. Force Account Construction -- projects are completed with non-contractor related labor.

Non Construction Assistance

Planning/Design Grant - Grants up to $50,000 per project to be awarded annually. Grants are especially for small, financially stressed, community waterworks.

 

Last Updated: 07-31-2014

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