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The New York State Environmental Facilities Corporation

The New York State Environmental Facilities Corporation. Program Updates Presented by Terry Deuel Environmental Project Manager – Community Assistance March 23, 2011 . Andrew M. Cuomo, Governor Matthew J. Driscoll, President & CEO.

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The New York State Environmental Facilities Corporation

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  1. The New York State Environmental Facilities Corporation Program Updates Presented by Terry Deuel Environmental Project Manager – Community Assistance March 23, 2011 Andrew M. Cuomo, Governor Matthew J. Driscoll, President & CEO

  2. The Environmental Facilities Corporation Providing Low-cost Financing and Technical Assistance to Municipalities, Businesses, and NY State Agencies for Environmental Projects Primary Program Initiatives: Clean Water State Revolving Fund • 1987 Clean Water Act Amendments • Provides financial assistance for wastewater and water quality infrastructure Drinking Water State Revolving Fund • 1996 Safe Drinking Water Act • Provides financial assistance for drinking water infrastructure Green Innovation Grant Program • 2009 ARRA and 2010 SRF grant • Green infrastructure, water and energy efficiency, and innovative technology

  3. Green Innovation Grant Program - 2010 • Include design and construction grants • Local match requirement • $15 million allocated • 96 applications received • GIGP funds requested = $46,302,132 • Total project funds = $124,831,818 • Award announcements March 2011 • Must be under contract by September 2011

  4. Federal Budget Update 2011 Budget • Not yet finalized • Continuing Resolution through 4/8/11 2012 Budget • Proposed February 14, 2011 - Not yet finalized

  5. 2011 State Revolving Fund Deadlines Clean Water: • March 1, 2011 – Applications for projects above the subsidy line • May 13, 2011 – Applications for all other projects • July 1, 2011 – Hardship applications • August 1, 2011 – Submit new projects for 2012 Annual List Drinking Water: • March 1, 2011 - Applications for projects above the subsidy line • May 13, 2011 – Applications for all other projects • August 1, 2011 – Submit new projects for 2012 Annual List

  6. Email Receive immediate notice of new and updated funding opportunities, programs, and initiatives Stay Informed www.efc.ny.gov SRF Newsletter • Sign up to receive EFC’s quarterly newsletter Webcasts • Join EFC live to discuss important issues

  7. NYS Environmental Facilities Corporation 1285 Fisher Ave Cortland, NY 13045 Terrance.Deuel@efc.ny.gov 607.753.3095 ext. 252 www.efc.ny.gov Financing for a Sustainable Future

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