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Indiana Finance Authority Environmental Programs

Indiana Finance Authority Environmental Programs. Presentation for the ACEC Annual Environmental Business Conference October 13, 2010. SRF Program Results. SRF is one of the largest wastewater and drinking water infrastructure financing sources in Indiana. Over 370 Wastewater loans closed

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Indiana Finance Authority Environmental Programs

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  1. Indiana Finance AuthorityEnvironmental Programs Presentation for the ACEC Annual Environmental Business Conference October 13, 2010

  2. SRF Program Results SRF is one of the largest wastewater and drinking water infrastructure financing sources in Indiana. • Over 370 Wastewater loans closed • Over 155 Drinking Water loans closed • Over 300 communities served • Over $2.7 billion of loans closed • Over $2.3 billion disbursed to communities • Over past 3 years, $386M Interest Savings

  3. Estimated Need: Drinking Water The 2007 EPA DW Infrastructure Needs Report identifies over $5.9 Billion in DW needs over the next 20 years in Indiana. The most substantial needs occur in: • Transmission and Distribution • Treatment • Storage • Source

  4. Estimated Need: Wastewater The 2008 EPA CW Needs Congressional Report identifies over $7.8 Billion in CW infrastructure needs over the next 20 years in Indiana. The most substantial needs occur in: • Combined Sewer Overflows • New Collector Sewers • Advanced Treatment • Sewer Rehabilitation • Treatment Plan upgrades

  5. SRF 2011 Priority List The SRF 2011 Project Priority Lists identify $1,451,336,724 Billion in infrastructure needs • Drinking Water • $ 143,196,851 • Wastewater • $1,102,125,975 Large Systems • $ 206,013,898 Small Systems To view the Project Priority Lists http://www.in.gov/ifa/srf/2373.htm

  6. SRF Interest Rates Up to an additional .50% reduction if a non-point-source or green project is financed .

  7. EPA Grant Information 2010 EPA Grant Information: CW - $49.1 Million Required Additional Subsidization $15M Required GPR $9.8M DW - $22.6 Million Required Additional Subsidization $7M Required GPR $4.5M

  8. SRF Green Project Reserve (GPR) • 2010 EPA Grant Results: CW

  9. SRF Green Project Reserve (GPR) • 2010 EPA Grant Results: DW

  10. SRF Green Project Reserve (GPR) • Current EPA Requirements (as of June 2010): • Categories: • GI/Sustainability • Water Efficiency • Energy Efficiency • Environmentally Innovative • Categorical Exclusions (Limited) • Business Case (See SRF Web Site) • http://www.in.gov/ifa/srf/2381.htm

  11. Contacts Programmatic Information Bill Harkins Technical Review Manager 317/234-4862 wharkins@ifa.in.us Shelley Love Wastewater Administrator 317/233-4396 slove@ifa.in.us Sarah Hudson Drinking Water Administrator 317/232-8663 sahudson@ifa.in.us Finance-related Information Matthew Martin Finance Manager 317/234-1278 mmartin@ifa.in.gov Emma Kottlowski Financial Analyst 317/234-1463 ekottlow@ifa.in.gov Jim McGoff Indiana Finance Authority Director, Environmental Programs 317/234-2916 jmcgoff@ifa.in.us

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