The total amount of loan forgiveness available for a project will be determined by adding together the loan forgiveness percentages for the priority project, the socioeconomic assessment score, and the household burden indicator. Projects will be funded from the top socioeconomic score down and in priority project ranking order with consideration given to readiness to proceed.
Eligibility for loan forgiveness will first be assessed based on the type of project seeking funding. If the project is one of the priority project (PP) types listed below, then the second evaluation will be for disadvantaged status based on the socioeconomic assessment score (SES) criteria, described below. The third element of the loan forgiveness equation is an assessment of a community or service area’s household’s ability to afford the proposed project. The Household Burden (HB) Indicator may be computed with assistance from the Municipal Advisor after the construction bid has been awarded and other funding sources have been deducted.
A detailed description of the loan forgiveness equation is outlined in BIL Annex A to the CWSRF IUP.
Loan forgiveness for FFY 2022 Capitalization Grant will be offered to the following eligible Priority Project Types:
• Sewer Collection System Rehabilitation (includes gravity sewers, relief sewers, pumping stations, force mains, SSO correction and CSO correction) • Lagoons Advanced Treatment (Ammonia, E.coli; includes CDL optimization, sludge removal and equipment replacement) • Advanced Treatment WWTPs (Ammonia, E.coli, Nutrients) • Aging Infrastructure WWTPs (included expansion of existing secondary treatment) • Consolidation/Regionalization (includes unsewered communities) The CWSRF Program intends to review each IUP application received for loan forgiveness eligibility. As loans close, additional loan forgiveness awards will be made.
FFY CAP 2022 and FFY 2022 BIL General Supplemental Awards
LF Priority Project Type
Date Loan Signed
HB% (up to 30%)
Project Name
Priority Points
DAC SES Score
Loan Amount
Minimum LF %
Maximum LF%
Maximum LF Award*
Grant Year
Minimum LF Award*
CWSRF No.
SES % PP %
10/7/2022 11/4/2022
Corydon CS1920815 01 237
2
23
$5,172,000 25% 30% TBD 55% 85.00% $1,000,000 $1,000,000 2022
Oxford Junction
CS1920958 01 155
1
20 9/16/2022 938,000 $
20% 30% TBD 50% 80.00% $ 469,000 $ 750,400 20% 30% TBD 50% 80.00% $ 162,500 $ 260,000 20% 30% TBD 50% 80.00% $1,000,000 $1,000,000 20% 30% TBD 50% 80.00% $ 172,500 $ 276,000 20% 30% TBD 50% 80.00% $1,000,000 $1,000,000 20% 30% TBD 50% 80.00% $1,000,000 $1,000,000 20% 30% TBD 50% 80.00% $ 225,000 $ 360,000 15% 30% TBD 45% 75.00% $ 770,400 $1,000,000 15% 30% TBD 45% 75.00% $1,000,000 $1,000,000
2022 2022 2022 2022 2022 2022 2022 2022 2022
Grandview CS1921020 01 245 Armstrong CS1921007 01 232 Moravia CS1921026 01 129 Mt Pleasant CS1920919 01 324 Des Moines CS1920944 01 205 Lovilia CS1921001 01 114
2 2
19 19
8/5/22 $ 325,000 7/8/22 $ 5,314,000
1
18 10/7/2022 345,000 $ 17 9/30/22 $ 4,020,000 17 11/4/22 $ 450,000 14 9/2/2022 1,712,000 $ 11 7/22/22 $ 3,080,000 17 7/8/22 7,035,000 $
3
1
1
Humboldt
CS1921024 01 255
3
Fort Atkinson CS1920770 01 290
2
*Final loan forgiveness amount may change based on eligible expenses and the final amount drawn on the loan.
Disadvantaged Community Affordability Criteria For Capitalization Grants through FFY 2021:
The Iowa DNR disadvantaged community rules implement Iowa Code 455B.199B, which establishes criteria for the Iowa DNR to use when determining if ratepayers or a community will experience substantial and widespread economic and social impact and qualify as disadvantaged. For more information on how a community qualifies as a disadvantaged
IOWA SRF INTENDED USE PLANS 2023 - CWSRF | Page 24
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