The New York State Environmental Facilities Corporation!

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1 The New York State Environmental Facilities Corporation New York State Clean Water State Revolving Fund Program Updates Technical Assistance Partnership Forum September 6, 2012 Andrew M. Cuomo, Governor Joseph J. Martens, Chairman Matthew J. Driscoll, President

2 The Environmental Facilities Corporation Primary Programs: Clean Water State Revolving Fund 1987 Clean Water Act Amendments Provides financial assistance for wastewater and water quality infrastructure Drinking Water State Revolving Fund 1996 Safe Drinking Water Act Provides financial assistance for drinking water infrastructure Green Innovation Grant Program 2009 ARRA and 2010 SRF grant Green infrastructure, water and energy efficiency, and innovative technology NYS Environmental Facilities Corporation September 6,

3 How SRF Programs Work 3

4 SRF Funding Clean Water Leveraged rate financing with 50% subsidy for up to 30 years Hardship financing as low as 0% interest for up to 30 years Drinking Water Leveraged rate financing with 33% subsidy for up to 20 years Grants up to $2 million for hardship projects + financing as low as 0% interest for up to 30 years Subsidy financing determined on priority scoring system, based on water quality and public health Short-term financing for 3 years at 0% interest Market Rate Programs (AAA tax free rate) NYS Environmental Facilities Corporation September 6,

5 Green Project Reserve (GPR) EPA defines four categories of GPR as CWSRF eligible projects which include: Water Efficiency: Reuse, Conserve or Improve Water Efficiency Energy Efficiency: Reduce Energy Consumption or Produce Clean Energy Green Wet Weather Infrastructure: Maintain and restore natural hydrology by infiltrating, evapotranspiring and harvesting and using stormwater Environmental Innovation: Manage Water Resources to Prevent or Remove Pollution in more Sustainable Way GPR for FFY 2013 is not yet known NYS Environmental Facilities Corporation September 6,

6 Green Innovation Grant Program EFC is using $13 million in funding for GIGP projects from the FFY 2012 appropriation 90% Grant &10% Local match Application process is through the Governorʼs Consolidated Funding Application (CFA) Funding for GIGP in FFY 2013 is not yet known NYS Environmental Facilities Corporation September 6,

7 Projects may be eligible for reduced interest or zero interest loans based on financial hardship Hardship offer has a 2 year expiration date Projects serving residential areas Projects with a majority of seasonal residents may require an income survey 2010 Census data for MHI and population CWSRF Hardship NYS Environmental Facilities Corporation September 6,

8 Intended Use Plan (IUP) The Intended Use Plan (IUP), published on an annual basis, identifies funds available to the SRF and uses of those funds. Effective October 1 st through September 30 th Project Priority Lists of potentially eligible projects Annual List expecting financing in current year) Multi-Year List Projects to be financed in future years NYS Environmental Facilities Corporation September 6,

9 Clean Water Project Listing Requirements Project Contact Information Project Description & Schedule Project Budget & Funding Sources MWBE and EEO Participation Goals Smart Growth Acknowledgement Davis-Bacon Requirements Acknowledgement Authorization by Municipality, Not-For-Profit organization, or other Non-Municipal entity NYS Environmental Facilities Corporation September 6,

10 State Smart Growth Public Infrastructure Act All projects to be financed must be evaluated for compliance A Smart Growth Assessment is required with all Engineering Reports Guidance is posted on the EFC website NYS Environmental Facilities Corporation September 6,

11 Project Listing &Update System (PLUS) Web-based database Portal for applicants to update existing project information and add new projects Engineering reports and other documents can be uploaded to PLUS Visit the PLUS website Or contact EFC to set up an account NYS Environmental Facilities Corporation September 6,

12 CWSRF Funding FFY 2013 Federal Capitalization Grant amount is unknown Estimate $90.95 million including state match, based on House of Representativeʼs budget legislation Estimate $155.1 million including state match, based on the Presidentʼs budget CWSRF Funds are not sufficient for all needs. There is a subsidy line in Categories A, B & C. Additional subsidization is expected in the FFY 2013 budget. Amount is not yet known. NYS Environmental Facilities Corporation September 6,

13 NYS Environmental Facilities Corporation September 6,

14 Project Priority List Modifications 2010 US Census Bureau population data Some projects moved between categories A and B 2010 American Community Survey data for Median Household Income (MHI) Some project scores changed by 10 points FFY statewide MHI for New York is $55,603 NYS Environmental Facilities Corporation September 6,

15 The maximum total project cost for hardship projects is $25 million Reduced interest rate financing for up to $18 million in project costs CWSRF Hardship FFY 2013 NYS Environmental Facilities Corporation September 6,

16 Annual List Requirements FFY 2013 To be included on the Annual Year Project Priority List: Approvable Engineering/Technical Report or Land Acquisition Plan & Targeted Parcels List for Land Acquisition And Executed contract for engineering planning services for listings after October 1, 2012 NYS Environmental Facilities Corporation September 6,

17 Finance Application Process FFY2013 Beginning October 1, 2012, all financing applications are required to include: 1. SEQR (complete) and SHPO (signed off) 2. Sewer District Formation (where applicable) 3. Bond Resolution adopted Applications not complete by February 1, 2013 are considered bypassed NYS Environmental Facilities Corporation September 6,

18 Application Expiration FFY 2013 Applications for CWSRF financing submitted prior to October 1, 2010 will no longer be considered valid Affected communities will have to submit a complete application by February 1, 2013 to be considered for CWSRF Financing NYS Environmental Facilities Corporation September 6,

19 Engineering Planning Grants Grants were offered in FFY Funds will also be available in 2013 Grants available to communities for planning of CWSRF-eligible projects Grants will be administered in conjunction with NYS DEC Application process is through the CFA FFY 2013 NYS Environmental Facilities Corporation September 6,

20 Davis-Bacon Requirements FFY 2013 All projects funded in FFY 2013 are required to comply with federal Davis- Bacon Prevailing Wage requirements Davis-Bacon provisions are expected to continue for the foreseeable future NYS Environmental Facilities Corporation September 6,

21 Statewide participation goal of 20% combined MBE/WBE Goal applies to: Non-construction contracts/service agreements exceeding $25,000 Construction contracts exceeding $100,000 Any change order exceeding $25,000 Goal can be met through: MWBE/EEO Program Changes FFY 2013 Any combination of MBE and/or WBE participation equal or greater than 20% per contract; or Adequate demonstration of good-faith efforts exerted to achieve the goal Visit the MWBE/EEO section of EFCʼs Resource Library for additional information: NYS Environmental Facilities Corporation September 6,

22 FFY 2013 CWSRF IUP Critical Dates September 10, 2012 October 1, 2012 February 1, 2013 May 1, 2013 September 30, 2013 Close of Public Comment period; Cut-off date for listing additional projects in the final IUP FFY 2013 IUP effective date Applications Due for Subsidized Financing for projects in Cat. D and above the subsidy lines in Cat. A and B Deadline to submit Hardship Applications for inclusion in Category D of the 2014 IUP End of FFY 2013 IUP financing period NYS Environmental Facilities Corporation September 6,

23 Helpful Hints File listing forms & applications early Contact staff of the NYSDEC Regional Permit Administrator to discuss environmental reviews Initiate district formation early (if applicable) Submit engineering report and executed engineering agreements early Identify and apply for all required permits as early as possible Involve your local counsel and bond counsel early, including bond authorization Municipal representatives need to be involved NYS Environmental Facilities Corporation September 6,

24 EFC Client Services EFC staff is available for assistance with project specific questions Application Assistance Legal, Engineering, Financial Expertise Individual Project Consultations On-site Visits Field Offices Public Outreach and Education Co-Funding NYS Environmental Facilities Corporation September 6,

25 Terry Deuel Environmental Project Manager 1285 Fisher Ave, Cortland NY Ext NYS Environmental Facilities Corporation September 6,