Friday, March 25, 2011

Bill Would Make Water Project Financing More Affordable

The Clean Water Affordability Act of 2011 (H.R. 1189) has been referred to the House Transportation and Infrastructure Committee. The bill would modify the Clean Water State Revolving Fund (CWSRF). These changes include

-Requiring states to use 15 percent of the capitalization grant they receive to finance projects for municipalities with a population of fewer than 10,000 that meet affordability criteria established by the states.

-Allow the CWSF loans terms of up to 30 years (the current limit is 20 years).

-Allow states to use up to 30 percent of the capitalization grant to provide additional subsidization to borrowers that meet affordability criteria, including principal forgiveness and negative interest loans.

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Obama Budget Hikes Transportation But Cuts Other Construction Programs

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