Michigan’s short-term program goals include:
- Oversee the update of the Clean Water Needs Survey to ensure maximum participation from communities and that non-traditional project types are included.
- Apply for all 3 CWSRF federal grants and ensure requirements of the grant terms and conditions are met including American Recovery Plan Act funding.
- Assist borrowers listed on the annual PPL in meeting CWSRF requirements to successfully close on a loan.
- Develop program procedures related to the new CWSRF state legislation.
- Procure and maintain a new data system for tracking CWSRF and related state grant programs.
- Hire and train new CWSRF program staff.
Michigan’s long-term program goals include:
- Maintain the fiscal integrity of the fund to ensure it remains viable and self-perpetuating to meet the long-range water quality needs of the State. MFA utilizes a financial consultant to advise EGLE on decisions surrounding financing levels, interest rates, additional subsidization, and other financing attributes.
- Target outreach and assistance to communities that have never utilized CWSRF.
- Obtain maximum capitalization of the fund for the State while generating sufficient investment and loan interest earnings for debt service of the state match revenue bonds.
- Maintain and develop relationships with other funding and financing agencies and water quality organizations to ensure resources are directed in a holistic approach.
- Maintain and refine procedures to prevent fraud and ensure a system of checks and balances.
Green Project Reserve
As part of the FY2022 federal appropriations, WIFFS is required to provide a minimum of 10 percent (4,975,100) of the base capitalization grant for project components that meet the Green Project Reserve (GPR) requirements. This includes projects that incorporate green infrastructure, energy, water efficiency, or are environmentally innovative.
Click on the next section to learn more about this funding opportunity’s eligibility requirements.