Texas Water Development Board Now Accepting Applications for SWIFT Funding
The Texas Water Development Board (TWDB) has opened the application period for the 2018 funding cycle of the State Water Implementation Fund for Texas (SWIFT) program. The application period began on Dec. 8, 2017 and ends Feb. 2, 2018.
“The TWDB has committed $5.6 billion in financial assistance to state water plan projects since the inception of the SWIFT program,” said TWDB Chairman Bech Bruun. “These critical projects are developing affordable and sustainable water supplies for our state.”
Under the terms of the SWIFT program, qualifying rural and agricultural projects can receive up to 50 percent subsidies on interest rates, and non-rural entities will be eligible for interest subsidies up to 35 percent depending upon the length of the loan and type of project.
“Texas communities of all sizes with many different needs have received SWIFT funding for a variety of projects,” said TWDB Board member Kathleen Jackson. “In this cycle, we expect other communities to follow their lead by submitting projects that again demonstrate Texas’ ongoing commitment to innovative water supply solutions.”
To be eligible for SWIFT program financial assistance, projects must be recommended in the 2017 State Water Plan.
“The state water plan is the starting point for developing the water projects Texas will need in the future,” said TWDB Board member Peter Lake. “Savings from the SWIFT program are so substantial—$400 million in just 3 years—that communities are incentivized to participate in the planning process and implement projects sooner rather than later.”
The two-page preliminary applications may be submitted via the TWDB’s online application or by paper copy. These applications provide information the TWDB needs to complete prioritization of the projects. Projects that receive priority for financial assistance will be invited to submit a complete application, which will include a financial, legal, engineering, and environmental review.
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