New Jersey Environmental Infrastructure Trust · projects which fund the continued repair of Sandy damaged infrastructure and improve resiliency in future disasters • Loan Structure

New Jersey Environmental Infrastructure Trust

NJEIT Project Funding Tutorial Webinar

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Agenda

1. Introduction

2. Overview of Suite of Financing Offerings (aka: H2lOans)

• Long-Term Funding Options: (i) Base Program (Traditional, Supplemental, NANO); (ii) Sandy SRF; (iii) NJEIT-only• Borrower Qualifications• Project Qualifications

• Short-Term Funding Options: (i) Interim Financing Program (IFP); (ii) Emergency (non-Disaster); (iii) SAIL (Disaster Relief); (iv) Planning & Design

• Borrower Qualifications• Project Qualification

3. Program Source Indicator (PSI - Ψ) Questionnaire - https://www.h2loans.com/psi

[Questions]

4. Process Reviews for: Funding application; Qualification; Requisition, Repayment

[Wrap-up Questions]

https://www.h2loans.com/psi

H2lOans: NJEIT’s Suite of Available Financing Programs

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Long-Term:

• Base Loan Program: • Traditional Loan Program (SFY2014, SFY2015) - Low interest loans comprised of Clean Water (CW) or

Drinking Water (DW) State Revolving Funds (SRF) and NJEIT Bond Proceeds• Supplemental Loan Program - Low interest loans available for funding shortfalls and cost overruns

(prioritized)• NANO Loan Program - 50% PF Loan Program for small Drinking Water Systems w/ subsidized fees

• Sandy SRF Loan Program: • CW and DW Loan Program – Low interest loans comprised of P.L. 113-2 SRF appropriations specific to NJ and

NY for systems affected by Superstorm Sandy and NJEIT Bond Proceeds for flood mitigation or resiliency projects

• NJEIT only Loan Program• Long-term loans at AAA market rate

Short-Term:

• Interim Finance Program: 0% to 2% interest rate short-term funds available to the end of any fiscal year (“termed-out” in May)

• SAIL Program: Subsidized bridge loans backed by 0% State SRF funds and NJEIT Bank-Line-of-Credit, available for three (3) full fiscal years with subsidized fees

• Planning & Design: 0% interest rate short-term funds available to the end of any fiscal year for 50% of eligible Engineering & Design costs

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H2lOans: Base Financing Program

• Closed to new Borrowers

• Submitted Applications are currently under credit and engineering reviews (NJEIT & NJDEP respectively)

• Loan Structure

• Long Term:

• 75% Fund Loan (0% interest rate DEP Loan) and 25% Trust Loan (AAA market rate loan)

• Principal Forgiveness / Set-aside Programs

• CW - $10MM PFL for CSOs (50% PFL; 25% DEP at 0% loan; 25% NJEIT at Mkt-rate loan structure)

• CW - $10MM PFL for Barnegat Bay projects (50%; 25%; 25% loan structure)

• DW - $2MM PFL for highest priority ranked DW projects (20%; 40%; 40% loan structure)

• DW - $2MM NANO PFL for small Drinking water systems (50%; 25%; 25% loan structure)

• Short Term:

• Interim Financing Program –

• 0% interest loan for Local Gov’t Units and Small Water systems,

• 2% interest loan for all other Private Borrowers

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H2lOans: Base SFY2014 Financing Program

• Letters of Intent / Environmental Planning Documents due October 7, 2013

• Available to environmental infrastructure projects that improve water quality and protect public health. Priority is given to

projects which fund the continued repair of Sandy damaged infrastructure and improve resiliency in future disasters

• Loan Structure

• Long Term:

• 75% Fund Loan (0% Rate DEP Loan) and 25% Trust Loan (AAA Market - Rate loan)

• Principal Forgiveness Programs up to 25% of Loan

• Short Term:

• Trust Loan at subsidized rate (Line-of-Credit)

• or, if funds are available, 75% Fund Loan (0% Rate DEP Loan) and 25% Trust Loan at subsidized rate

• Borrowers

• CW – Publicly owned facilities

• DW – Publicly owned facilities and Private system purveyors with a PWSID

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H2lOans: Base SFY2015 Financing Program

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H2lOans: Sandy-SRF Financing Program

• Letters of Intent / Environmental Planning Documents due October 7, 2013

• Available to projects that improve the resiliency against flooding or rapid hydraulic movement of environmental

infrastructure facilities “affected” by Sandy in future natural disasters (n.b. projects which do not make the funding cutoff

for this program will be considered for the Base SFY2015 Program)

• Loan Structure

• Long Term:

• 18+% Principal Forgiveness, 56+% Fund Loan (0% Rate DEP Loan) and 25% Trust Loan (AAA Market - Rate loan)

• Short Term (Construction Period – up to 3 full fiscal years):

• SAIL Bridge Loan


• or, if funds are available, 75% Fund Loan (0% Rate DEP Loan) and 25% Trust Loan at subsidized rate

• Borrowers


• DW – Publicly owned facilities

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H2lOans: Sandy-SRF Financing Program

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H2lOans: CDBG-DR Financing Program (maybe)

• Letters of Intent / Environmental Planning documents due October 7, 2013

• Available to projects as part of:

• 10% Local FEMA-406 Match

• Specific projects as identified by the State / DEP

• Development of Asset Management Plans

• Loan Structure

• Short Term (Construction Period up to 3 full fiscal years):


• Borrowers



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H2lOans: CDBG-DR Reimbursement Grant Program (maybe)

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H2lOans: FEMA 406 Reimbursement Grant Program

• Letters of Intent / Environmental Planning documents due October 7, 2013

• Available to projects with approved / obligated FEMA-406 Project Worksheets (PW) that repair Sandy damaged

infrastructure and improve the resiliency of Clean Water and Drinking Water Systems

• Loan Structure

• Short Term (Construction Period up to 3 full fiscal years):


• Borrowers



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H2lOans: FEMA-406 Reimbursement Grant Program

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H2lOans: Process Review

Letters of Intent SRF SAIL Hybrid

Env. Planning Doc X X

NEPA Review X

Application SRF SAIL Hybrid

Full Application X X

Abbrev. Application X

Permitting X X X

Cross Cutters X X X

Project Worksheet X X

FEMA MOU X X

Engineering X X X

Permits X X X

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Certification SRF SAIL Hybrid

Auth. To Award X X X

Credit Worthiness X X X

Proj. Worksheet (oblig.) X X

FEMA MOU X X

NJEIT MOU X X

SAIL Certification X X

SRF Certification X X

• Requisitions: (All Programs)

• Approval of requisitions and backup invoices

• Repayments:

• Long-Term Loans: Semi Annually

• Short-Term Loans:

• Principal: No repay during term

• Cap I through construction (optional)

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