Funds And Resources For Drinking Water Source Protection - Department Of Environmental Quality Page 6
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28borrowers. Initial loan terms can be up to 25 years or the useful life of the project,
whichever is less.
SPWF Grants
Grants are available for construction projects that create or retain traded-sector
jobs. They are limited to $500,000 or 85 percent of the project cost, whichever is
less, and are based on up to $5,000 per eligible job created or retained. Limited
grants are available to plan industrial site development for publically owned sites and
for feasibility studies.
To apply, call IFA at 503-986-0123, then contact your IFA Regional Coordinator for assistance
and more information.
Community Development Block Grant (CDBG)
Grants and technical assistance are available to develop livable urban communities for
persons of low and moderate incomes by expanding economic opportunities and providing
housing and suitable living environments. Non-metropolitan cities and counties in rural
Oregon can apply for and receive grants. [Oregon tribes, urban cities (Albany, Ashland, Bend,
Corvallis, Eugene, Gresham, Hillsboro, Medford, Portland, Salem and Springfield) and counties
(Clackamas, Multnomah, Washington) receive funds directly from HUD.] Funding amounts
are based on the applicant’s need, the availability of funds, and other restrictions defined in
the program’s guidelines. The maximum available grant for drinking water system projects is
$3,000,000.
All projects must meet one of three national objectives:
The proposed activities must benefit low- and moderate-income individuals.
The activities must aid in the prevention or elimination of slums or blight.
There must be an urgent need that poses a serious and immediate threat to the
health or welfare of the community.
To apply, call IFA at 503-986-0123, then contact your IFA Regional Coordinator for assistance
and more information.
Port Revolving Loan Fund (PRLF)
The Port Revolving Loan Fund (PRLF) is a loan program to assist Oregon ports in the planning
and construction of facilities and infrastructure. Ports must be incorporated under ORS
Chapter 777 or 778. The Fund may be used for port development projects (facilities or
infrastructure) or to assist port-related private business development projects. The variety of
eligible projects is very broad and may include water-oriented facilities, industrial parks,
airports and commercial or industrial developments. Eligible project costs can include
engineering, acquisition, improvement, rehabilitation, construction, operation, and
maintenance or pre-project planning. Projects must be located within port district
boundaries. The maximum loan amount is $3 million at any one time. The loan term can be
as long as 25 years or the useful life of the project, whichever is less. Interest rates are set by
the IFA at market rates, but not less than Treasury Notes of a similar term minus one
percent.
Note: Flexible manufacturing space projects will not accrue interest until the building is at
least 25 percent occupied or until three years after the date of the loan contract, whichever
.
is earlier.
To apply, call IFA at 503-986-0123, then contact your IFA Regional Coordinator for assistance
and more information.
Page 6 of 28
Last Updated 6/2016
By: Sheree Stewart
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