David Paterson, Governor Matthew J. Driscoll, President & CEO The New York State Environmental...

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David Paterson, Governor Matthew J. Driscoll, President & CEO

The New York State Environmental Facilities Corporation

Growing Green Infrastructure in New York State:Funding Green Infrastructure

The Crowne Plaza Hotel, Syracuse, NYNovember 17, 2010

NYS Environmental Facilities Corporation November 17, 2010

The Environmental Facilities Corporation

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

Providing Low-cost Financing and Technical Assistance to Municipalities, Businesses, and NY State Agencies for Environmental Projects

NYS Environmental Facilities Corporation November 17, 2010

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 SewersCombined Sewer OverflowOver 100 years old

Historic Declines in Federal Funding

Delayed Projects

NYS Environmental Facilities Corporation November 17, 2010

SOURCE: 305 (b) Water Quality Report

NYS Environmental Facilities Corporation November 17, 2010

Potential Funding Sources for GIState Revolving Fund (SRF)

Clean Water and Drinking Water ProjectsShort Term LoansLong Term LoansGreen Innovation Grant Program

Co-funding InitiativeNYS DEC WQIPOther Methods of Funding GI

Green Parking Lots(North Tonawanda, NY)

Green Parking Lots(North Tonawanda, NY)

Porous Concrete Parking LotCopake, NY

Engineered BioswaleCopake, NY

Village Hall Stormwater RetrofitGreenwood Lake, NY

Village Hall Stormwater RetrofitGreenwood Lake, NY

Village Hall Stormwater RetrofitGreenwood Lake, NY

Porous PavementLindenhurst Library - Suffolk County

Porous PavementLindenhurst Library - Suffolk County

Porous Pavements - Green AlleysChicago, IL

Stormwater TreesUtica, NY

Stormwater Tree PitsUtica, NY

Stormwater TreesUtica, NY

Pervious Pavement and Tree InventoryNorth James Street, Rome, NY

Seagrit Planting Bed – NYC Green StreetsNYC, NY

Green RoofsChemung County, NY

Green RoofsMonroe County, NY

Green RoofsMonroe County, NY

Green RoofsMonroe County, NY

NYS Environmental Facilities Corporation October 25, 2010

Philadelphia Water Department and WRT

NYS Environmental Facilities Corporation November 17, 2010

Potential Funding Sources for GIState Revolving Fund (SRF)

Clean Water and Drinking Water ProjectsShort Term LoansLong Term LoansGreen Innovation Grant Program

Co-funding InitiativeNYS DEC WQIPOther Methods of Funding GI

NYS Environmental Facilities Corporation November 17, 2010

How SRF Programs Work

NYS Environmental Facilities Corporation November 17, 2010

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

* Only eligible for GIGP Grants under existing State laws.

Municipality School district* Soil and water conservation district*

Not-for-profit Partnership Association

NYS Environmental Facilities Corporation November 17, 2010

What Kind of Projects?CWA Section 212 Projects – Point Source

MUST be publicly owned

I Secondary Treatment II Advanced TreatmentIII-A Infiltration/InflowIII-B Sewer System RehabilitationIV-A New Collector Sewers

IV-B New InterceptorsV CSO CorrectionVI Storm Sewers (In Phase I and II MS4 areas)X Recycled Water Distribution

NYS Environmental Facilities Corporation November 17, 2010

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

NYS Environmental Facilities Corporation November 17, 2010

Estuary Assistance – CWA Section 320 ProjectsImplementation of US-EPA Approved Estuary Conservation and Management Plans for:

New York-New Jersey Harbor

Peconic Bay

Long Island Sound Estuaries

NYS Environmental Facilities Corporation November 17, 2010

Clean and Drinking Water SRFsClean Water Drinking Water

Leveraged rate financing with 50% subsidy for up to 30 years

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 ProgramCommunities 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

NYS Environmental Facilities Corporation November 17, 2010

Intended Use Plan (IUP)

Effective October 1st through September 30th (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)

The Intended Use Plan (IUP), published on an annual basis, identifies funds available to the CWSRF and uses of those funds.

Excerpt from 20XX Final CWSRF IUP - Project Category: B

Project # Applicant Name Service AreaProject

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 NY0022128 154

C1-XXX-XX-00 NASSAU COUNTY BAY PARK, SD #2 NPS, STMSEW $430,000 $430,000 NY0026450 113

C6-XXX-XX-00 UTICA, CITY OF PHASE A1 CSO, I/I CORR $2,850,000 $2,850,000 NY0025780 112

C9-XXX-XX-00 TONAWANDA, TOWN OF PARKERS-FRIES INTERCEPTOR COLL, INT $24,310,000 $24,310,000 NY0026395 111

C6-XXX-XX-00 ONEIDA COUNTY PHASE 1 CSO, I/I CORR $5,300,000 $5,300,000 NY0025780 107

C6-XXX-XX-01 ONEIDA COUNTY PHASE 2A CSO, I/I CORR $20,500,000 $20,500,000 NY0025780 107

“Subsidy Line”

NYS Environmental Facilities Corporation November 17, 2010

Short-Term CWSRF Financing

Market-Rate Interest-Free

Project Score below the IUP subsidy Line, or for short-term

project costs above the amount available Interest-Free

Project Score above the IUP subsidy line

AAA/Aaa Borrowing Rates 0% Interest

SRF “line of credit” is available for up to 3 years or readiness for long-term 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.

EFC

NYS Environmental Facilities Corporation November 17, 2010

Long-Term CWSRF Financing

Long-Term Market Rate(4.06% June 2010)

Subsidized- Interest(2.03% June 2010)

Below the Subsidy Line Above the Subsidy Line

AAA/Aaa Borrowing RatesAAA/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.

30 years…works just like a home mortgage…

NYS Environmental Facilities Corporation November 17, 2010

Green Innovation Grant Program 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

$15 million Available for “Green” Infrastructure Projects

NYS Environmental Facilities Corporation November 17, 2010

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

NYS Environmental Facilities Corporation November 17, 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)

GIGP 2010

NYS Environmental Facilities Corporation November 17, 2010

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

GIGP 2010 Grant Types

NYS Environmental Facilities Corporation November 17, 2010

Design Grants 50% grant / Maximum $50,000 per projectFor 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 StudyGreen Infrastructure / NPS (319 or 320

projects)

- Concept plan or Feasibility Report

GIGP 2010 Grant Types:

NYS Environmental Facilities Corporation November 17, 2010

• 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

GIGP 2010 ObjectivesGIGP 2010 Evaluation Criteria

NYS Environmental Facilities Corporation November 17, 2010

• 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.

GIGP 2010 Evaluation Criteria

NYS Environmental Facilities Corporation November 17, 2010

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

NYS Environmental Facilities Corporation November 17, 2010

Co-funding OpportunitiesNYSERDA 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

www.nycofunding.org

NYS Environmental Facilities Corporation November 17, 2010

NYS DEC WQIPStatewide Grant ProgramSupports water quality improvementsCompetitive, reimbursement grant programDirects 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

NYS Environmental Facilities Corporation November 17, 2010

NYS DEC WQIPEligible ApplicantsMunicipalities (villages, towns & cities)Soil and Water Conservation Districts Not for Profit Corporations (in some cases)

Eligible Project TypesMunicipal Wastewater TreatmentMunicipal Separate Storm Sewer Systems (MS4s)Nonagricultural Nonpoint Source Abatement and ControlAquatic Habitat RestorationWater Quality Management

NYS Environmental Facilities Corporation November 17, 2010

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

NYS Environmental Facilities Corporation November 17, 2010

Stay Informed

Email 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

www.nysefc.org

NYS Environmental Facilities Corporation November 17, 2010

www.nysefc.org

Financing for a Sustainable Future

Suzanna Randall, AICPGreen Infrastructure Coordinator

Randall@nysefc.org

NYS Environmental Facilities Corporation 625 Broadway

Albany, NY 12207 1.800.882.9721

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