Transcript The New York State Environmental Facilities Corporation

The New York State
Environmental Facilities Corporation
Growing Green Infrastructure in New York State:
Funding Green Infrastructure
The Crowne Plaza Hotel, Syracuse, NY
November 17, 2010
David Paterson, Governor
Matthew J. Driscoll, President & CEO
The Environmental Facilities Corporation
Providing Low-cost Financing and Technical Assistance to Municipalities, Businesses, and
NY State Agencies for Environmental Projects
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
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NYS Environmental Facilities Corporation
November 17, 2010
NYS Water Infrastructure Needs
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CW - $36.2 Billion: 20 Years
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Aging Sewers
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$11 Billion in Urgent Need
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DW - $38 Billion: 20 years
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Declining Water Quality
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Urban Stormwater Runoff
NYS Environmental Facilities Corporation
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Combined Sewer Overflow
Over 100 years old
Historic Declines in Federal
Funding
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Delayed Projects
November 17, 2010
NYS Environmental Facilities Corporation
November 17, 2010
SOURCE: 305 (b) Water Quality Report
Potential Funding Sources for GI
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State Revolving Fund (SRF)
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Clean Water and Drinking Water Projects
Short Term Loans
 Long Term Loans
 Green Innovation Grant Program
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Co-funding Initiative
NYS DEC WQIP
Other Methods of Funding GI
NYS Environmental Facilities Corporation
November 17, 2010
Green Parking Lots
(North Tonawanda, NY)
Green Parking Lots
(North Tonawanda, NY)
Porous Concrete Parking Lot
Copake, NY
Engineered Bioswale
Copake, NY
Village Hall Stormwater Retrofit
Greenwood Lake, NY
Village Hall Stormwater Retrofit
Greenwood Lake, NY
Village Hall Stormwater Retrofit
Greenwood Lake, NY
Porous Pavement
Lindenhurst Library - Suffolk County
Porous Pavement
Lindenhurst Library - Suffolk County
Porous Pavements - Green Alleys
Chicago, IL
Stormwater Trees
Utica, NY
Stormwater Tree Pits
Utica, NY
Stormwater Trees
Utica, NY
Pervious Pavement and Tree Inventory
North James Street, Rome, NY
Seagrit Planting Bed – NYC Green Streets
NYC, NY
Green Roofs
Chemung County, NY
Green Roofs
Monroe County, NY
Green Roofs
Monroe County, NY
Green Roofs
Monroe County, NY
NYS Environmental Facilities Corporation
October 25, 2010
Philadelphia Water Department and WRT
Potential Funding Sources for GI

State Revolving Fund (SRF)
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Clean Water and Drinking Water Projects
Short Term Loans
 Long Term Loans
 Green Innovation Grant Program
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Co-funding Initiative
NYS DEC WQIP
Other 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
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Municipality
School district*
Soil and water conservation district*
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Not-for-profit
Partnership
Association
* Only eligible for GIGP Grants under existing State laws.
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 Treatment
III-A Infiltration/Inflow
III-B Sewer System Rehabilitation
IV-A New Collector Sewers
NYS Environmental Facilities Corporation
IV-B New Interceptors
V CSO Correction
VI Storm Sewers (In Phase I and
II MS4 areas)
X Recycled Water Distribution
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
NYS Environmental Facilities Corporation
VII-G Resource Extraction
VII-H Brownfields
VII-I Storage Tanks
VII-J Sanitary Landfills
VII-K Hydromodification
VII-L Individual/Decentralized Systems
November 17, 2010
Estuary Assistance –
CWA Section 320 Projects
Implementation of US-EPA Approved Estuary
Conservation and Management Plans for:
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New York-New Jersey
Harbor
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Peconic Bay
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Long Island Sound
Estuaries
NYS Environmental Facilities Corporation
November 17, 2010
Clean and Drinking Water SRFs
Clean 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 Program
Communities 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)
The Intended Use Plan (IUP), published on an annual basis, identifies
funds available to the CWSRF and uses of those funds.
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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)
Excerpt from 20XX Final CWSRF IUP - Project Category: B
Service Area
Project
Description
Project #
Applicant Name
C1-XXX-XX-00
GREAT NECK, VILLAGE OF
VILLAGE
STP UP
C1-XXX-XX-00
NASSAU COUNTY
BAY PARK, SD #2
C6-XXX-XX-00
UTICA, CITY OF
C9-XXX-XX-00
Est.
Amount
Additional
Above ST
SPDES
no
Score
$17,200,000
$17,200,000
NY0022128
154
NPS, STMSEW
$430,000
$430,000
NY0026450
113
PHASE A1
CSO, I/I CORR
$2,850,000
$2,850,000
NY0025780
112
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
Project Score below the IUP
subsidy Line, or for short-term
project costs above the amount
available Interest-Free
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 longterm financing, whichever is sooner, for recommended minimum
term of six months
NYS Environmental Facilities Corporation
EFC
Works like a credit card…SRF
line of credit for municipalities
to charge project costs.
November 17, 2010
Long-Term CWSRF Financing
30 years…works just like
a home mortgage…
Long-Term Market Rate
Subsidized- Interest
(4.06% June 2010)
(2.03% June 2010)
Below the Subsidy Line
Above the Subsidy Line
AAA/Aaa Borrowing Rates
AAA/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.
NYS Environmental Facilities Corporation
November 17, 2010
Green Innovation Grant Program
$15 million Available for “Green” Infrastructure Projects
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Water Efficiency:
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Energy Efficiency:
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Reduce Energy Consumption or Produce Clean Energy
Green Wet Weather Infrastructure:
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Reuse, Conserve or Improve Water Efficiency
Maintain, Restore, or Mimic Natural Systems to Infiltrate,
Evaporate or Recycle Stormwater
Environmental Innovation:
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Manage Water Resources to Prevent or Remove Pollution in an
Economically Sustainable Way
NYS Environmental Facilities Corporation
November 17, 2010
Green Innovation Grant Program (GIGP)
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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
GIGP 2010
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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)
NYS Environmental Facilities Corporation
November 17, 2010
GIGP 2010 Grant Types
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
NYS Environmental Facilities Corporation
November 17, 2010
GIGP 2010 Grant Types:
Design Grants
 50% grant / Maximum $50,000 per project
 For 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 Study
 Green Infrastructure / NPS (319 or 320 projects)
- Concept plan or Feasibility Report
NYS Environmental Facilities Corporation
November 17, 2010
GIGP 2010 Objectives
Evaluation Criteria
• Protects water quality and other environmental
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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
NYS Environmental Facilities Corporation
November 17, 2010
GIGP 2010 Evaluation Criteria
• Leverages co-funding;
• Greens-up existing infrastructure / fixes existing facilities
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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.
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 Opportunities
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NYSERDA Water/Wastewater Programs
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USDA Rural Development loan/grant Program
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New York State DEC Water Quality Improvement
Program
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Office of Community Renewal CDBG Program
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Appalachian Regional Commission - DOS
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Oil Spill Fund – NYS Comptroller’s Office
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Department of Health – Drinking Water
www.nycofunding.org
NYS Environmental Facilities Corporation
November 17, 2010
NYS DEC WQIP
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Statewide Grant Program
Supports water quality improvements
Competitive, reimbursement grant program
Directs funds from the NYS Environmental Protection
Fund to projects that:
Reduce polluted runoff
 Improve water quality
 Restore habitat in New York's waterbodies
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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 WQIP
Eligible Applicants
 Municipalities (villages, towns & cities)
 Soil and Water Conservation Districts
 Not for Profit Corporations (in some cases)
Eligible Project Types
 Municipal Wastewater Treatment
 Municipal Separate Storm Sewer Systems (MS4s)
 Nonagricultural Nonpoint Source Abatement and Control
 Aquatic Habitat Restoration
 Water Quality Management
NYS Environmental Facilities Corporation
November 17, 2010
Other Methods of Funding GI
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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
www.nysefc.org
Email

SRF Newsletter
 Sign up to receive EFC’s
Receive immediate notice
quarterly newsletter
of new and updated funding
opportunities, programs,
and initiatives
NYS Environmental Facilities Corporation
Webcasts
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Join EFC live to discuss
important issues
November 17, 2010
NYS Environmental Facilities Corporation
625 Broadway
Albany, NY 12207
1.800.882.9721
Suzanna Randall, AICP
Green Infrastructure Coordinator
[email protected]
www.nysefc.org
Financing for a Sustainable Future
NYS Environmental Facilities Corporation
November 17, 2010