Financial & Construction Assistance Programs

The Office of Drinking Water (ODW) manages two funding sources under the Financial and Construction Assistance Programs (FCAP) consisting of the:

1. Drinking Water State Revolving Fund (DWSRF)Program

2. Water Supply Assistance Grant (WSAG) Fund Program

Construction applications for both funding sources are received on a year round basis. The Virginia DWSRF Program combines federal and state funds to offer a mix loan, grant and refinancing opportunities.

Construction Assistance

A. Construction Loan – Interest rates from 3% to ceiling rate (1% below municipal bond market rates). Maximum term 20 years. Lower rates and longer terms (to 30 years) are considered for waterworks meeting disadvantaged criteria.

B. Construction Grants – Will be considered for waterworks meeting disadvantaged criteria.

C. Force Account Construction — projects are completed with non-contractor related labor.

Non-Construction Assistance

Planning and Design Funds – Projects up to $50,000 to be awarded. Applications accepted year-round. Funds are especially for small, financially stressed, community waterworks.