Environmental Infrastructure Financing
DIVISION: Water Quality - Municipal Finance and Construction Element
GENERAL PHONE NUMBER: (609) 292-8961
FAX NUMBER: (609) 633-8165
The New Jersey Environmental Infrastructure Financing Program (Financing Program) is a revolving loan program administered by the Municipal Finance and Construction Element (MF&CE), and the New Jersey Environmental Infrastructure Trust (Trust), an independent state financing authority. The Financing Program provides loans to local government units for the construction of wastewater treatment facilities, sludge management systems for wastewater and water treatment systems, combined sewer overflow abatement, stormwater, and other non-point source management projects. The financing program also provides loans to both publicly and privately owned drinking water systems for the construction or upgrade of drinking water facilities, transmission and distribution systems, storage facilities, and source development. Funds are made available under the federal Clean Water and Safe Drinking Water Acts and various state bond acts. Since the enactment of the loan program, more than $1.5 billion in state and federal funds have been awarded.
The Financing Program provides zero percent interest rate loans to local government units from the department for up to half the allowable project costs, and a market rate loan from the Trust for the remaining allowable costs.
MONETARY ASSISTANCE PROVIDED:
Low cost loans are available to public entities for qualified projects through the New Jersey Environmental Infrastructure Financing (NJEIF) Program.
Although, the program has no permitting responsibilities, it requires that the proposed funded project be construction ready and that all required permits be obtained and issued.
Please refer to the web site.