Environmental Infrastructure Financing Program
(Wastewater Treatment, Stormwater Management and Combined Sewer Overflow)
Purpose of Funding
- Provides low-interest loans for the construction
of a variety of water
quality protection measures,
including wastewater treatment facilities and stormwater
and nonpoint source management facilities.
- The Financing Program also provides
loans for activities such as open space land purchase
and conservation, remedial action activities (including
brownfields) and well sealing.
Source of Funding
- The New Jersey
Department of Environmental Protection
- New
Jersey Environmental Infrastructure Trust (the Trust)
Statutory Citation
P.L. 1985, c. 329 N.J.S.A. 58:11B‑1 et seq.
and P.L. 1992 c.88.
Who is Eligible
- Municipalities
- Counties
- Sewerage or utility authorities
- Joint meetings
- Improvement authorities
- Local
government units constructing new or improving existing
wastewater, stormwater or nonpoint source management
facilities
- Private Water Utilities
Qualifications Required for Consideration
- Eligibility is determined according to the ranking
criteria of the Federal Priority
System developed
each year by the DEP.
- Each project is evaluated and
point scores are assigned.
- Projects are certified for
funding based on list rank, amount of available funds,
and
compliance with requirements and deadlines for
planning, design and application.
Loan Limitations
Eligible entities must:
- Request placement on Project Priority List;
- Send
in a commitment letter and;
- Satisfy the planning, design and application
deadlines and requirements.
Application Procedures
A commitment letter and project planning documentation
are generally required
to be submitted in the beginning
of October.
Review Process
For Clean Water, the Priority System ranking methodology considers:
- The type of project proposed
- The existing water uses of the receiving waterbody
- Public health impacts and other factor
For More Information, Contact;
Stanley V. Cach, Jr. Assistant Director
NJDEP - Municipal Finance and Construction Element
PO Box 425
Trenton, NJ 08625-0425
(609)292-8961
stanley.cach@dep.state.nj.us
|
| Application |
www.njeit.org/forms.htm |
| Application Deadline |
On or about March 1st annually. |
| Notification Date |
Early September of the same year |
| Total to be Distributed |
329.7M |
New Jersey Environmental Infrastructure Trust (The Trust) |
| The Department traditionally provides loans at 0% interest for approximately 20 years for up to one‑half the allowable project costs. The Trust offers loans at about the market rate or less for the remaining allowable project costs, also for a 20‑year term. Between these two funding sources, the rate on the loans is essentially half the market rate. Approximately $100 million‑$200 million is available per year. In an effort to promote Smart Growth initiatives, the Financing Program will continue to offer the Smart Growth Financing Package through which 75% of the project costs are funded by DEP at 0% interest and 25% of the project costs are funded by the Environmental Infrastructure Trust at market rate to projects that serve Urban Centers/Complexes, combined sewer overflow abatement projects and open space land acquisition projects. In addition, three more project categories have been designated as eligible for the Smart Growth Financing Package. They are: (a) wastewater and/or stormwater infrastructure projects to serve Transit Villages, (b) site remediation projects in DEP-designated Brownfields Development Areas (BDAs) and (c) projects that involve the repair and/or replacement of individual septic systems through a Septic Management District. Other areas suitable for development may also be added to the Smart Growth Financing Package as time goes on. |
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