The New York State Environmental Facilities Corporation

Transcription

1 The New York State Environmental Facilities Corporation Growing Green Infrastructure in New York State: Funding Green Infrastructure The Crowne Plaza Hotel, Syracuse, NY November 17, 2010 David Paterson, Governor Matthew J. Driscoll, President & CEO

2 The Environmental Facilities Corporation Providing Low-cost Financing and Technical Assistance to Municipalities, Businesses, and NY State Agencies for Environmental Projects A Public Benefit Corporation Accountability Transparency Clean Water State Revolving Fund (1987 Clean Water Act Amendments) Clean Water Program: 50% Interest Subsidy Drinking Water State Revolving Fund (1996 Safe Drinking Water Act) Drinking Water Program: 33.3% Interest Subsidy

3 NYS Water Infrastructure Needs CW - $36.2 Billion: 20 Years $11 Billion in Urgent Need DW - $38 Billion: 20 years Declining Water Quality Urban Stormwater Runoff Aging Sewers Combined Sewer Overflow Over 100 years old Historic Declines in Federal Funding Delayed Projects

4 SOURCE: 305 (b) Water Quality Report

5 Potential Funding Sources for GI State Revolving Fund (SRF) Clean Water and Drinking Water Projects Short Term Loans Long Term Loans Green Innovation Grant Program Co-funding Initiative NYS DEC WQIP Other Methods of Funding GI

6 Green Parking Lots (North Tonawanda, NY)

7 Green Parking Lots (North Tonawanda, NY)

8 Porous Concrete Parking Lot Copake, NY

9 Engineered Bioswale Copake, NY

10 Village Hall Stormwater Retrofit Greenwood Lake, NY

11 Village Hall Stormwater Retrofit Greenwood Lake, NY

12 Village Hall Stormwater Retrofit Greenwood Lake, NY

13 Porous Pavement Lindenhurst Library - Suffolk County

14 Porous Pavement Lindenhurst Library - Suffolk County

15 Porous Pavements - Green Alleys Chicago, IL

16 Stormwater Trees Utica, NY

17 Stormwater Tree Pits Utica, NY

18 Stormwater Trees Utica, NY

19 Pervious Pavement and Tree Inventory North James Street, Rome, NY

20 Seagrit Planting Bed NYC Green Streets NYC, NY

21 Green Roofs Chemung County, NY

22 Green Roofs Monroe County, NY

23 Green Roofs Monroe County, NY

24 Green Roofs Monroe County, NY

25 NYS Environmental Facilities Corporation October 25, 2010 Philadelphia Water Department and WRT

26 Potential Funding Sources for GI State Revolving Fund (SRF) Clean Water and Drinking Water Projects Short Term Loans Long Term Loans Green Innovation Grant Program Co-funding Initiative NYS DEC WQIP Other Methods of Funding GI

27 How SRF Programs Work

28 GIGP: Who Can Apply? Any corporation which is organized and existing under the laws of the State of New York which is empowered to develop a project Municipality School district* Soil and water conservation district* Not-for-profit Partnership Association * Only eligible for GIGP Grants under existing State laws.

29 What Kind of Projects? CWA Section 212 Projects Point Source MUST be publicly owned I Secondary Treatment II Advanced Treatment III-A Infiltration/Inflow III-B Sewer System Rehabilitation IV-A New Collector Sewers IV-B New Interceptors V CSO Correction VI Storm Sewers (In Phase I and II MS4 areas) X Recycled Water Distribution

30 CWA Section 319 Projects Non Point Source (NPS) VII-A Agricultural Cropland VII-B Agricultural Animals VII-C Silviculture VII-D Urban, excluding decentralized systems VII-E Ground Water, unknown source VII-F Marinas VII-G Resource Extraction VII-H Brownfields VII-I Storage Tanks VII-J Sanitary Landfills VII-K Hydromodification VII-L Individual/Decentralized Systems

31 Estuary Assistance CWA Section 320 Projects Implementation of US-EPA Approved Estuary Conservation and Management Plans for: New York-New Jersey Harbor Peconic Bay Long Island Sound Estuaries

32 Clean and Drinking Water SRFs Clean Water Leveraged rate financing with 50% subsidy for up to 30 years Drinking Water Leveraged rate financing with 33% subsidy for up to 30 years Hardship financing as low as 0% interest for up to 30 years Short-term financing for 3 years at 0% interest, for up to 50% of eligible project costs SRF Backed, Guarantee Program Communities benefit from the Corporation s AAA rating Fund components of project that are green At least 20% of 2010 federal cap grant must go for green components

33 Intended Use Plan (IUP) The Intended Use Plan (IUP), published on an annual basis, identifies funds available to the CWSRF and uses of those funds. Effective October 1 st through September 30 th (Federal Fiscal Year) Project Priority Lists of potentially eligible projects Annual List (Projects expecting financing in current year) Multi-Year List (Projects to be financed in future years) Excerpt from 20XX Final CWSRF IUP - Project Category: B Project # Applicant Name Service Area Project Description Est. Amount Additional Above ST SPDES no Score C1-XXX-XX-00 GREAT NECK, VILLAGE OF VILLAGE STP UP $17,200,000 $17,200,000 NY C1-XXX-XX-00 NASSAU COUNTY BAY PARK, SD #2 NPS, STMSEW $430,000 $430,000 NY C6-XXX-XX-00 UTICA, CITY OF PHASE A1 CSO, I/I CORR $2,850,000 $2,850,000 NY C9-XXX-XX-00 TONAWANDA, TOWN OF PARKERS-FRIES INTERCEPTOR COLL, INT $24,310,000 $24,310,000 NY Subsidy Line C6-XXX-XX-00 ONEIDA COUNTY PHASE 1 CSO, I/I CORR $5,300,000 $5,300,000 NY C6-XXX-XX-01 ONEIDA COUNTY PHASE 2A CSO, I/I CORR $20,500,000 $20,500,000 NY

34 Short-Term CWSRF Financing Market-Rate Project Score below the IUP subsidy Line, or for short-term project costs above the amount available Interest-Free Interest-Free Project Score above the IUP subsidy line EFC AAA/Aaa Borrowing Rates 0% Interest SRF line of credit is available for up to 3 years or readiness for longterm financing, whichever is sooner, for recommended minimum term of six months Works like a credit card SRF line of credit for municipalities to charge project costs.

35 Long-Term CWSRF Financing 30 years works just like a home mortgage Long-Term Market Rate (4.06% June 2010) Below the Subsidy Line Subsidized- Interest (2.03% June 2010) Above the Subsidy Line AAA/Aaa Borrowing Rates AAA/Aaa Borrowing Rates Plus 50% interest rate subsidy for up to 30 years Final financing costs are determined when project approvals are in place. Major contracts awarded, permits in place.

36 Green Innovation Grant Program $15 million Available for Green Infrastructure Projects Water Efficiency: Reuse, Conserve or Improve Water Efficiency Energy Efficiency: Reduce Energy Consumption or Produce Clean Energy Green Wet Weather Infrastructure: Maintain, Restore, or Mimic Natural Systems to Infiltrate, Evaporate or Recycle Stormwater Environmental Innovation: Manage Water Resources to Prevent or Remove Pollution in an Economically Sustainable Way

37 Green Innovation Grant Program (GIGP) Begun under the American Recovery and Reinvestment Act of 2009 Post Program Analysis by Syracuse University Environmental Finance Center Analysis of program data and survey of applicants Green Roof - Tupper Lake, NY

38 GIGP 2010 Must be eligible under SRF and eligible under US EPA SRF 2010 Green Project Reserve requirements Demonstrate the capacity to own, operate, and maintain the proposed project $15 Million program allocation available through Separate Application process Davis Bacon Act and Federal DBE Program requirements continue to apply M/WBE Program and NYS Article 15a (as amended July 2010)

39 GIGP 2010 Grant Types Construction Grants 90% grant / Maximum grant of $750,000 per project Require with application: Treatment Plant Projects (212 projects) - Complete Engineering Report Green Infrastructure / NPS (319 or 320 projects) - Concept plan and Feasibility Report Eligible planning, design and construction costs can be covered

40 GIGP 2010 Grant Types: Design Grants 50% grant / Maximum $50,000 per project For the development of an Engineering Report, SWPPP, or equivalent document for a specific green demonstration project Require with application: Treatment Plant Projects (212 Projects) - Complete Feasibility Study Green Infrastructure / NPS (319 or 320 projects) - Concept plan or Feasibility Report

41 GIGP 2010 Objectives GIGP 2010 Evaluation Criteria Protects water quality and other environmental resources with a measurable impact on water quality; Spurs green innovation; Builds green capacity; Feasibility of transferring new technology / activities to other NYS water quality issues; Provides outreach and educational opportunities; Regional distribution of projects; Compliance with state and federal laws, rules and regulations; and

42 GIGP 2010 Evaluation Criteria Leverages co-funding; Greens-up existing infrastructure / fixes existing facilities first; Supports community revitalization / advances a project in a municipal center; Land recycling / retrofit / infill; Reduces Greenhouse gas emissions; Improves air quality; Reduces dependence on oil / produces renewable energy; Supports economic development; Applicant commitment to asset management / operation and maintenance.

43 GIGP 2010 Schedule Application Available September 29, 2010 Application postmarked by December 3, 2010 Award Grants (TARGET) February 2011 Grant Agreement Signed September 30, 2011

44 Co-funding Opportunities NYSERDA Water/Wastewater Programs USDA Rural Development loan/grant Program New York State DEC Water Quality Improvement Program Office of Community Renewal CDBG Program Appalachian Regional Commission - DOS Oil Spill Fund NYS Comptroller s Office Department of Health Drinking Water

45 NYS DEC WQIP Statewide Grant Program Supports water quality improvements Competitive, reimbursement grant program Directs funds from the NYS Environmental Protection Fund to projects that: Reduce polluted runoff Improve water quality Restore habitat in New York's waterbodies Depending on the type of project, reimbursement is available for up to 85% of the total cost of the project

46 NYS DEC WQIP Eligible Applicants Municipalities (villages, towns & cities) Soil and Water Conservation Districts Not for Profit Corporations (in some cases) Eligible Project Types Municipal Wastewater Treatment Municipal Separate Storm Sewer Systems (MS4s) Nonagricultural Nonpoint Source Abatement and Control Aquatic Habitat Restoration Water Quality Management

47 Other Methods of Funding GI Taxes Public Enterprise Fees Stormwater Management/Utility fees Drinking water/wastewater fees Impact fees Regulatory fees Fines and Penalties Contractual agreements Assessments

48 Stay Informed Receive immediate notice of new and updated funding opportunities, programs, and initiatives SRF Newsletter Sign up to receive EFC s quarterly newsletter Webcasts Join EFC live to discuss important issues

49 NYS Environmental Facilities Corporation 625 Broadway Albany, NY Suzanna Randall, AICP Green Infrastructure Coordinator Financing for a Sustainable Future