Brief description of program
An innovative financing approach has been developed to fund water quality improvement projects with Water Pollution Control Revolving Fund (WPCRF) municipal loans. Annually, municipalities that have wastewater projects on the fundable portion of the WPCRF Project Priority List can enter into contractual agreements with the Division of Watershed Stewardship for water quality improvement projects. Funded water quality improvement projects must have demonstrated water quality improvement benefits and be managed for the life of the improvement.
Eligible applicants are limited to municipalities with wastewater projects on the fundable portion of the WPCRF project priority list. There must be a demonstrated water quality benefit associated with the project. Click here for examples of eligible and ineligible projects.
Annually, DNREC's Environmental Finance will determine the demand for WPCRF Water Quality Improvement loans based on municipal wastewater projects on the fundable portion of the WPCRF project priority list. Environmental Finance will contact municipalities about the opportunity to participate in this program. Interested municipalities will then confer with DNREC Water Quality Improvement Loan program staff to discuss opportunities, review land parcels, and determine the optimal water quality improvement.
Depending on the land parcel selected, DNREC Water Quality Improvement Loan program staff will provide the necessary program application, explain program criteria, and enter into contractual agreements with municipalities. Necessary land appraisals and negotiations with land owners will be arranged or conducted by DNREC Water Quality Improvement Loan program staff. Loan settlement will be facilitated by Environmental Finance in consultation with attorneys representing the municipality, the land owner, and the WPCRF program. Municipalities shall begin loan repayment 30 days after loan settlement based on semi-annual loan debt service payments. Click here for loan program guidelines and click here for the loan application.
Terry L. Deputy, CEcD
DNREC Environmental Finance
5 E. Reed Street, Suite 200
Dover, DE 19901