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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
NYS Environmental Facilities Corporation 625 Broadway
Albany, NY 12207 1.800.882.9721