New Jersey Water Bank (NJWB) Program

New Jersey Water Bank (NJWB) Program is sponsored by New Jersey Department of Environmental Protection (via New Jersey League of Municipalities). Provides funding for water infrastructure projects.

## New Jersey Water Bank (NJWB) Program (Wastewater Treatment, Stormwater Management and Combined Sewer Overflow) * Provides low-interest loans for the construction of a variety of water quality protection and human health measures, including wastewater treatment facilities, stormwater and nonpoint source management facilities, and potable water facilities.

Principal Forgiveness and grants are available for borrowers meeting disadvantaged community criteria; Principal Forgiveness is also available for high-priority projects. * The Financing Program also provides loans for activities such as open space land purchase and conservation, remedial action activities (including brownfields) and well sealing. www.

njib. gov/nj/Setup+H2LOans+Account. 19 **SOURCE OF FUNDING**The New Jersey Department of Environmental Protection and the New Jersey Environmental Infrastructure Bank P.

L. 1985, c. 329 N.

J. S. A.

58:11B­1 et seq. and P. L.

1992 c. 88. * Sewerage or utility authorities * Improvement authorities * Local government units constructing new or improving existing wastewater, stormwater or nonpoint source management facilities * Private Water Utilities **QUALIFICATIONS REQUIRED FOR CONSIDERATION** * Eligibility is determined according to the ranking criteria of the Federal Priority System developed each year by the DEP.

* Each project is evaluated and point scores are assigned. * Projects are certified for funding based on list rank, amount of available funds, and compliance with requirements and deadlines for planning, design and application. 1.

Set up an h2loans account, and upon the eligibility determination, the project will be ranked and placed on the Project Priority List; 2. Send in a commitment letter and Submit Clean Water Letter of Intent (Application Step 3 – Environmental Planning Document) and; 3. Satisfy the planning, design and application deadlines and requirements Submit Clean Water Loan Application (Application Step 4 – Engineering Design and Specifications).

**APPLICATION PROCEDURES** The borrower can apply or submit documentation year-round using NJIB’s online H2lOANS (https://www. h2loans. com).

For Clean Water, the Priority System ranking methodology considers: * The type of project proposed * The existing water uses of the receiving waterbody * Public health impacts and other factor **SUCCESS STORIES**New Jersey Infrastructure Bank (njib. gov) Improving a Program That Works: Prioritizing New Jersey Water Bank Projects in Disadvantaged Communities – Jersey Water Works**** **ADDITIONAL INFORMATION** https://nj.

gov/dep/wiip/index. html **New Jersey Environmental Infrastructure Trust (The Trust)** The Department provides loans at 0% interest for approximately 30 years for up to one ­half the allowable project costs. The Trust offers market rate loans at or less for the remaining allowable project costs, also for a 30­-year term.

Between these two funding sources, the rate on the loans is essentially half the market rate. Approximately $600 million to ­$800 million is available per state fiscal year.

In an effort to promote State and Department priorities, the Financing Program will continue to offer Principal Forgiveness and other enhanced financing packages to projects that address PFAS contamination, lead in drinking water systems, and combined sewer overflows and to projects sponsored by communities that meet disadvantaged community criteria based on economic factors.