Even though this guide is focused on green infrastructure, the Water Bank funds all types of water infrastructure, including a wide variety of wastewater treatment works, traditional stormwater management, drinking water systems, land acquisition, and landfill activities.
Be aware of the types of projects eligible for Water Bank financing! After initiating the application process, applicants periodically are informed that they or their projects are not eligible for funding. Therefore, before starting the application process, ensure that your project is eligible for funding.
DEP RECOMMENDS POTENTIAL APPLICANTS PARTICIPATE IN A PRE-APPLICATION MEETING OR CONFERENCE CALL (ENGINEERS, ADMINISTRATOR, BOND COUNSEL, etc.) PRIOR TO SUBMISSION OF A FORMAL APPLICATION FOR A WATER BANK LOAN TO DETERMINE WHETHER THEIR PROJECT MEETS PROJECT REQUIREMENTS AND TO EXPLAIN ALL LOAN APPLICATION DOCUMENTS.
TIP: IF YOU HAVE A PROJECT IN MIND, LET THE WATER BANK KNOW AND IT CAN CONFIRM AND SEND A TEAM TO VISIT WITH YOU TO LEARN MORE ABOUT YOUR PROJECT IDEA.
Consult the list below to learn more about which kinds of projects are eligible for Water Bank financing.
Green Infrastructure projects are stormwater management features that treat stormwater runoff through infiltration into subsoil, through filtration by vegetation or soil, or store stormwater runoff for reuse. Eligible green infrastructure projects include rain gardens, bioswales, stormwater bumpouts, porous asphalt or concrete, green roofs, cisterns, and street tree trenches. Green infrastructure projects do not need to be stand-alone projects. These projects often work well when added onto traditional larger infrastructure projects. Another effective strategy is to bundle GI features together as multiple projects throughout a city or as a resiliency park, with multiple green infrastructure features.
DEP provides detailed information on the implementation and management of green infrastructure on their website. For more information on green infrastructure, visit DEP's Green Infrastructure in New Jersey site.
While green infrastructure projects are the focus of this Applicant's Guide, it is important to note that there are other types of Eligible Projects, which may include a GI component, including the following:
|Landfills||Land Preservation||Equipment||Security Monitoring|
Make sure to check the DEP's most recent Intended Use Plan (IUP) to verify the current types of eligible projects, which is available online here: http://www.nj.gov/dep/dwq/cwpl.htm. Additional information on eligible project types is also provided on the I-Bank website at https://www.njib.gov/njeit/clean-water. Or, you may contact DEP or I-Bank staff.
Most projects associated with sewage collection, treatment, or disposal are eligible for financing, including correction of inflow/infiltration problems, sludge management and combined sewer overflows.
Eligible wastewater projects include but are not limited to:
The main objective of drinking water funding is to protect the public health in conformance with the objectives of the Safe Drinking Water Act.
Eligible projects include but are not limited to:
In addition to Green Infrastructure, eligible projects include construction, expansion or replacement of stormwater management systems, including, but not limited to, the following:
The cleanup of abandoned and contaminated industrial sites is eligible for financing if a local or county government assumes the repayment obligation for the loan. The Water Bank provides loans to municipalities, counties and public authorities to support a wide range of cleanup and remediation activities necessary to restore brownfield sites for re-use, including the removal of contaminated soil, site-capping and the installation of stormwater controls.
Applicants interested in a brownfields project should also be aware of the Hazardous Discharge Site Remediation Fund (HDSRF), another important funding source administered jointly by DEP and the New Jersey Economic Development Authority for the cleanup of brownfield sites. HDSRF grants and loans are available to public entities, private entities, and non-profit organizations for the remediation of a suspected or known discharge of a hazardous substance or hazardous waste.
Landfill construction activities that have a water quality benefit are eligible for Water Bank financing. Examples include:
The Water Bank provides financing for the preservation of properties that protect stream headwaters and corridors, wetlands, and aquifer recharge areas. Placement of conservation easements on funded parcels is required to assure that water quality benefits are preserved in perpetuity. Using Water Bank financing for land preservation is compatible with the State's Green Acres Program, the Garden State Preservation Trust, and Open Space programs financed by local and county Open Space taxes. Please note that unlike Green Acres, properties preserved through the Water Bank can only be used for passive recreation.
Equipment that provides a water quality benefit can be financed under the Water Bank, including but not limited to:
The I-Bank and DEP have been terrific to work with, and are funding things that other communities are not funding. [Our organization] and the I-Bank have a great partnership. - Water Bank Applicant
Projects designed to improve security at otherwise funding-eligible wastewater and drinking water facilities are eligible for funding, including but not limited to:
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