Sweet Home Water Treatment Plant
The IFA provided the city of Sweet Home a $7.5 million loan from the Safe Drinking Water Revolving Loan Fund for the construction of a new water treatment plant.
The Special Public Works Fund (SPWF) provides funds for publically owned facilities that support economic and community development in Oregon. Funds are available to public entities for:
Public agencies that are eligible to apply for funding are:
Facilities and infrastructure projects that are eligible for funding are:
Loans for development (construction) projects range from less than $100,000 to $10 million. The Infrastructure Finance Authority offers very attractive interest rates that reflect tax-exempt market rates for highly qualified borrowers. Initial loan terms can be up to 25 years or the useful life of the project, whichever is less.
Loans also are available to plan a construction project.
Grants are available for construction projects that create or retain traded-sector jobs. They are limited to $500,000 or 85 percent of the project cost, whichever is less, and are based on up to $5,000 per eligible job created or retained.
Limited grants are available to plan industrial site development for publically owned sites and for feasibility studies.
Please contact the appropriate IFA regional coordinator to start the process.
Potential construction and planning projects must meet minimum criteria to be eligible to apply. This is determined by a Project Notification and Intake process, which the regional coordinator will take you through.
Oregon's smart implementation of federal business financing tools as well as its approach to innovation investment has been nationally recognized as a model for its efficiency and effectiveness.