New York giving $33 million for 15 water projectsStaff Writer | August 12, 2016
Governor Andrew M. Cuomo announced $33 million in grants to support 15 critical municipal water infrastructure projects in the Hudson Valley and on Long Island.
Empire State The third round of NYS Water Grants
“Investing in water infrastructure today is key to growth and prosperity tomorrow,” Governor Cuomo said.
"These grants will help local governments advance important projects that will protect natural resources, ease strain on budgets and property taxpayers, and help create stronger communities in the Hudson Valley and on Long Island.”
The FY 2017 State Budget includes $100 million in grants for water infrastructure improvements.
This additional funding allowed the Environmental Facilities Corporation to broaden eligibility for wastewater projects and provide a total of $175 million in grants for round two.
In addition, the maximum grant amount for drinking water projects was increased from $2 million to $3 million, or 60 percent of eligible projects costs – whichever is less.
Grant awards were based on a scoring system that gave priority to projects that result in the greatest water quality improvement or reduction in risk to public health and are positioned to advance to construction, among other considerations.
In addition to grants, EFC provides interest-free and low-interest loans to communities to further reduce the cost of infrastructure projects.
The grants are expected to be supplemented with nearly $86.5 million in interest-free and low-interest loans, providing a more fiscally sustainable investment for these communities. ■