WHIDBEY ISLAND WATER SYSTEMS ASSOCIATION

MANAGING AND MAINTAINING GOOD WATER RESOURCES

Tech Talk; Funding Sources

 

Tech Talk; Funding Sources
by Mark P. Greaves
 
I recently attended the annual Evergreen Rural Water of Washington (ERWoW) meeting in Yakima  WA.  I attended a class on funding sources for small water systems.
 
There were experts on hand from Dept. of  Public Works and USDA  Dept. of Rural Development.  They discussed the programs and sources of financial aid and technical assistance that are available to us for system upgrades and or expansion.
 
We have talked about this before but it now appears to be more important than ever.  Obviously the economy plays an important roll in all of this but there are other factors coming into play right now.  One is the “Economic Stimulus Program” that was just signed into law.  All those so-called “Shovel Ready” projects will be considered.  Also the 2010 census will play a roll in setting guidelines based on per capita incomes, density and other factors they consider when setting policy.  Since the 2000 census is currently being used for the database it would most likely benefit you to apply for assistance sooner than later.
 
At this time there are many millions in funds available in the form of low interest loans and a few million available for grants.  The grants will have strings attached and are harder to get.  The low interest loans appear to be a very good deal and provide long tem financing at low rates in the neighbor hood of around 2%.  Possibly even less. These are NOT subprime ARM’s thank goodness.
 
The application deadline for this year is May 11th 2009.  The local USDA office is at 2021  E. College  Way ste. 216,  Mt. Vernon WA  98273-3610   ph 360-428-4322 x 4  fax is 360-424-6172.  The area director is Ms. Melanie Drecksel her email address is melanie.drecksel@wa.usda.gov.    Also I think Ms. Kitty Weisman with ERWoW would be a very good source of information and guidance since she gives classes on this.
 
Happy Hunting & Good Luck, 
Mark