Quick Reference  |  Summary

Alternative Stormwater Infrastructure Loan

Purpose

Communities with opportunities for commercial redevelopment are faced with decisions about the cost of improved or modernized stormwater infrastructure. To encourage the use of alternative (or "green") storm water management, funds are used to provide below-market loans so that communities and companies can engage in industry best-practices at a reasonable cost that is not obstructive to redevelopment.

Program

The program provides low-interest loans for the design and construction of alternative stormwater infrastructure projects (or "green" infrastructure). The program offers funding for local governments, or local government project sponsors, to utilize.

For Whom

Loans are made to communities. However, developers are encouraged to partner with communities to leverage the funding.

Program Contact

Office of Community Development, Annie van Blaricom, (614) 728-3183

How Much

Maximum loan amount is typically up to $5 million, but this is negotiable by project.

Related Assistance

Related Assistance

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