Long-Term Market-Rate Financing (LTMRF) is available to support eligible projects for which DWSRF subsidized funding is not available. For projects that qualify for subsidy assistance, a LTMRF will be available to extend repayment terms beyond the previous DWSRF limit of twenty years from project completion. Bonds issued by recipients and purchased by EFC may be issued for terms of up to thirty years from the financing date. Financing applications can be submitted anytime.
The LTMRF Program offers recipients access to financing at preferred AAA interest rates. For recipients who take advantage of the LTMRF program, their project will be retained on the Readiness List so long as to enable these recipients to compete in future years for a DWSRF subsidized funding or a hardship determination, if applicable.