Record rainfall and historic drought events across the country have shifted national focus - and budget allocations - toward water infrastructure and drinking water system improvements. This is particularly evident in the recent passing of America’s Water Infrastructure Act (AWIA). As a result, funding mechanisms for water infrastructure and drinking water system projects are multiplying. In addition to using revenue sources to fund your projects, you may be eligible for a variety of grants and loans.
Federal funding for rural water infrastructure projects in Texas has traditionally been provided under the United States Department of Agriculture (USDA) Water & Waste Disposal Loan & Grant Program. This program provides an excellent opportunity for government entities, private nonprofits, and federally-recognized tribes to receive fixed rate loans with a maximum 40-year payback period. The Federal Emergency Management Agency (FEMA) also has funds available, which provide 75% funding for making modifications to systems to prepare for natural disasters. Now, under AWIA, additional federal funding may become available.
Texas Water Development Board (TWDB) offers a variety of grant and loan programs aimed at supporting drinking water planning and development. These programs provide broad support totaling approximately $27.5 billion across diverse entities and project types. As you plan your next project, it’s likely that TWDB funding can support some or all of your initiative.
How to Choose? DOWNLOAD NOW
Navigating, selecting, and then applying for the right program can be overwhelming. Trihydro has created a Water Infrastructure Funding Guide to help you learn more about eligibility and requirements for various funding mechanisms. Download now to see which programs might work best for you!