Long-Term Market-Rate Financing (LTMRF) is available to support eligible projects for which CWSRF subsidized funding is not available. 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 Annual Project Priority List, so long as to enable these recipients to compete in future years for a CWSRF subsidized funding or a hardship determination, if applicable.