Grant and loan funding wins push WithersRavenel past $700 million for critical community projects

Grant and loan funding wins push WithersRavenel past $700 million for critical community projects

WithersRavenel congratulates our public clients for receiving grant and loan funding of $60,618,553 in the most recent funding cycle. Whether taking on vital repairs, exploring mergers and regionalization of services, or assessing water and sewer assets, WithersRavenel takes pride in helping communities afford the improvements and efficiencies that improve the lives of residents.

The most recent funding success stories put WithersRavenel’s overall funding total above $700 million for 533 projects benefiting our public clients. We strive to help communities identify funding sources, assist with the application process, and provide grant and loan administration services. Recent funding successfully obtained follows:

STATE REVOLVING FUND

Town of Clayton – Neuse River Water Reclamation Facility, $30,000,000 CWSRF loan

City of Clinton – Wastewater Treatment Plant Resiliency Improvements, $3,000,000 ASADRA PF (100%)

City of Dunn – Raw Water Electrical Relocation and 24” Line Replacement, $3,515,000 ($2,636,250 ASADRA loan, $878,750 ASADRA PF)

City of Goldsboro – Little/Big Cherry Pump Station Relocation and Improvement, $3,058,000 ASADRA Loan

Town of Maggie Valley – Wastewater Treatment Plant Levee Repair, $253,000 State Reserve loan

City of New Bern – Duffyfield Stormwater Improvements, $855,000 Green Project Reserve

City of Sanford – Little Buffalo Creek Sewer Rehabilitation, $3,845,000 ($3,345,000 CWSRF Loan, $500,000 PF)

Town of Selma – Brack Pump Station Relocation and Sewer Improvements, $3,015,000 ($2,515,000 CWSRF Loan, $500,000 PF)

Town of Southern Pines – Warrior Woods Pump Station Relocation, $2,998,000 ASADRA loan

Town of Surf City – Water System Resiliency Projects, $2,805,000 ($2,103,750 ASADRA loan, $701,250 PF)

Town of Surf City – Wastewater Treatment Plant Resiliency Projects, $2,370,553 State Reserve Loan

City of Trinity – Wastewater Regionalization Project, $1,354,000 State Reserve Loan

City of Washington – Pump Station Flood Protection and Gravity Sewer Rehabilitation, $2,500,000 State Reserve Loan

MERGER AND REGIONALIZATION STUDIES

Town of Benson – Sewer Merger Regionalization Feasibility Study, $50,000 grant

Town of Broadway – Sewer Merger Regionalization Feasibility Study, $50,000 grant

Town of Broadway – Water Merger Regionalization Feasibility Study, $50,000 grant

City of Dunn – Water Merger Regionalization Feasibility Study, $50,000 grant

Town of McAdenville – Sewer Merger Regionalization Feasibility Study, $50,000 grant

Town of McAdenville – Water Merger Regionalization Feasibility Study, $50,000 grant

ASSET INVENTORY AND ASSESSMENT GRANTS

Town of Kenly – Water AIA, $150,000

Town of Kenly – Sewer AIA, $150,000

Town of Liberty – Sewer AIA, $150,000

Town of Red Springs – Water AIA, $150,000

Town of Selma – Sewer AIA, $150,000

Do you have a project that could be eligible for some type of grant or loan funding? Reach out to a member of our funding team by sending an email to funding@withersravenel.com. Some upcoming loan opportunities and 2021 deadlines are listed below:

  • NCDEQ – Division of Water Infrastructure – Spring 2021 Funding Cycle
    Due: April 30
    CWSRF and DWSRF only available (low-interest loan with extremely limited PF)
  • PARTF
    Due: May 3
    Up to $500,000, 50% Match Required
    Application fee ranges from $5,000-$15,000 depending on client needs
  • Carolina Thread Trail – not yet announced for 2021
    Due: Typically in June
    Letter of Intent needs to be submitted in May
    Eligible North Carolina counties: Anson, Cabarrus, Catawba, Cleveland, Gaston, Iredell, Lincoln, Mecklenburg, Rowan, Stanly, Union
  • NCDEQ – Water Resources Development Grant Program
    Due: June 30
    Maximum funding amount: $200,000 (50% cost share)
  • NCDEQ – DWR 319 Grant Program – not yet announced for 2021
    Due: Typically in May
    No maximum funding amount (most projects range from $50,000-$300,000)
  • BUILD – not yet announced for 2021
  • Golden LEAF Community-Based Grants Initiative in Western Prosperity Zone
    Officially launched Jan. 26
    Organizations serving the following counties are eligible: Buncombe, Cherokee, Clay, Graham, Haywood, Henderson, Jackson, Macon, Madison, Polk, Rutherford, Swain, and Transylvania
    $11 million allocated for projects that move the economic needle in a community through job creation, workforce preparedness and education and agriculture