3.25%
Standard Rate
Applies to all borrowers with more than 10,000 population, and all borrowers with Median
Household Income (MHI) greater than the State MHI ($37,082) regardless of size
2.25%
Small System Rate
Incentive Rate for small systems and takeover of non-viable systems
- Borrower population less and 10,000; and
- Borrower MHI less than State MHI;
or
- Takeover of entire non-viable wastewater system serving residential customers, regardless of population size or HMI
1.00%
Hardship Rate
System population less than 10,000; system MHI less than State MHI; and Level of Effort (LOE) at least 1.30%
- LOE is annual cost of sewer based on 6,000 gallons monthly usage divided by system MHI
2.25%
Nonpoint Source
Rate
Nonpoint source projects (such as storm water) up to $4 million per borrower
- 25% of cost must apply to best management practices
3.00%
Standard Rate
Applies to all systems with more than 10,000 population, and all borrowers with MHI greater than State MHI ($37,082), regardless of size
2.00%
Small System Rate
Incentive rate for small systems meeting the following criteria
- Borrower population less than 10,000; and
- Borrower MHI less than State MHI
Optional extension of term to useful ife, up to 30 years
1.00%
Hardship Rate
System population less than 10,000; system MHI less than State MHI; and LOE at least 1.30%
- Extension of term to useful life, up to 30 years, required
1.00%
Capacity
Development Rate
Take over of any non-viable community water system
Refer to FY 2008 Loan Policies for additional provisions that govern interest rates.