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Storm Mitigation Loan Program
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To assist New York communities rebuild smarter and stronger following the devastation of Superstorm Sandy, Governor Andrew Cuomo has marshaled the resources of state and federal governments to protect vital services from future storms. The Storm Mitigation Loan Program will be administered by the Environmental Facilities Corporation, along with the Department of Environmental Conservation and th e Department of Health, to finance flood-mitigation projects at wastewater and drinking water plants.
Water treatment facilities in 14 New York counties declared disaster areas following Superstorm Sandy will be eligible for financing through EFC and the State Revolving Funds (SRF) program. A project that is otherwise SRF eligible and serves one of the following purposes is eligible for financing under the Storm Mitigation Loan Program:
- Reduces the likelihood of physical damage to a treatment works or drinking water system;
- Reduces a treatment works’ or water system’s susceptibility to physical damage or ancillary impacts caused by floods;
- Facilitates preparation for, adaptation to, or recovery from a sudden, unplanned change in the amount of and movement of water in proximity to a treatment works or water system; or,
- Facilitates preparation for, adaptation to, or recovery from climate change or any other type of natural disaster.
The United States Environmental Protection Agency has issued eligibility guidelines for Clean Water and Drinking Water projects here. While EFC will be contacting local governments with further information on the Storm Mitigation Loan Program, municipal operators are urged to check here for updates and new details.
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