This new grant program, administered under the MDEQ, includes:
New legislation establishing grants for asset management plan development, stormwater plan development, sewage collection and treatment plan development, and state-funded loans to construct projects identified in the asset management plans.
Grants have $2M cap per community. First million has 10-percent local match; second million has 25-percent local match. The local match is not eligible for loan assistance.
Communities that are considered disadvantaged by the DEQ, in receivership, operating under an emergency manager, or operating under a consent agreement under the Local Government Fiscal Responsibility Act can receive a 100-percent grant with no local match required. Additionally, these communities can expend up to $500,000 in grant funds for the construction of projects identified in an asset management plan.
Grant recipient must proceed with a project for which grant funding is provided within 3 years of grant award or face repayment of the grant plus interest. For the asset management grant, this means significant progress as determined by the DEQ toward achieving the funding structure to implement the asset management program.
Funds are awarded to grant and loan recipients on a first come, first served basis.
Applications and supplemental materials are still in development. Currently they include:
GFA team members recently a training seminar on the new program. Contact us for more details!