Size and Scope that Make Sense

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Size and Scope that Make Sense
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Standalone green infrastructure projects tend to have a smaller individual project cost than traditional "gray" infrastructure projects. In addition, applications to the Water Bank involve fixed costs for studies, technical support and financial advisory services (i.e. bond counsel). Therefore, in submitting an application for Water Bank financing application, it is important to determine a size and scope of projects contained within the application that make sense. Some paths that New Jersey municipalities have followed include the following:

  • Bundling multiple green infrastructure projects together into a single application for
    Water Bank funding to reach or exceed a minimum combined application value of
    $250,000 where the project cost is sufficient to justify the cost of applying.
  • Bundling green projects with grey infrastructure projects to reach a minimum combined
    application value of $250,000; and
  • Partnering with a non-profit or institutional partner such as a university on application
    components, such as the design drawings and specs.

TIP: THE WATER BANK CAN PROVIDE FUNDING JOINTLY WITH OTHER STATE OR FEDERAL AGENCIES.

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Size and Scope that Make Sense
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