Overview
Planning & Design Loans cover costs incurred in the planning and design phase of a water infrastructure project. These loans have 0 percent interest for up to three years and require no initiation or servicing fees. In addition, there is no minimum or maximum loan amount. Eligible costs include engineering fees, archaeological surveys, environmental or geological studies, and costs related to project plan preparation. The loans may be rolled into a State Revolving Fund (SRF) construction loan or can be repaid when permanent financing is committed. The project planning and design costs must be directly related to the proposed wastewater, storm water or drinking water projects.

Process
The Planning & Design Loan application is available here. Applications are accepted on an ongoing basis.

Eligible Projects
  • Construction of treatment plants or improvements to existing facilities
  • Water line extensions to existing unserved properties
  • Water storage facilities
  • Wells
Eligible Applicants
  • Communities
  • Counties
  • Conservancy districts and water authorities eligible for water pollution control and drinking water SRF loans
  • Private and non-profit entities eligible for drinking water SRF loans
  • Regional sewer/water districts
Water Pollution Control:
  • Construction of treatment plants or improvements to existing facilities
  • Sewer line extensions to existing unsewered properties
  • Combined sewer overflow corrections
  • Storm water projects that have an environmental benefit
Loan Terms
  • 0 percent interest for up to three years
  • No initiation or servicing fees
  • No minimum or maximum loan amount
  • Loans may be rolled into an SRF Construction Loan or repaid when permanent financing is obtained
  • Planning and design costs must be directly related to SRF-eligible wastewater, storm water or drinking water projects
Program Resources
Application Information
Testimonial

Compared to other financing options, I'm very happy that we chose a Planning & Design Loan.


Cheryl Pickering
Hubbard

Program Contacts

Tracy Scebold
Iowa Finance Authority
SRF Program Manager
800.432.7230