New grant, loan funding for WithersRavenel clients pushes company total above $889 million

New grant, loan funding for WithersRavenel clients pushes company total above $889 million

WithersRavenel public clients earned more than $75 million in grant and loan funding during the Spring 2022 funding cycle. These successful applications will help finance infrastructure repairs, the exploration of mergers and regionalization of services, and the vital assessment of water and sewer assets. WithersRavenel congratulates our North Carolina municipal partners who are now able to fund these improvements and efficiencies to uplift their communities.

The latest batch of success stories puts WithersRavenel’s overall funding total above $889 million for more than 640 projects benefiting our public clients. Our talented Funding & Asset Management (FAM) team works hand-in-hand with communities to target funding sources, guide the application process, and later offer grant and loan administration services. Our recent victories from funding partnerships include:

State Revolving Fund

Town of Clinton – Wastewater Treatment Plant Resiliency Improvements, $2,558,000 (grant)

Town of Clinton – Wastewater Treatment Plant Electrical Resiliency Improvements, $2,442,000 (grant) and $1,179,000 (loan)

Town of Clinton – East Carter Street Lift Station Relocation, $2,354,000 (loan)

Town of Hertford – Collection System Improvements, $3,673,200 (grant) and $73,290 principal forgiveness

Town of Hertford – Waterline Replacement, $9,095,850 (grant)

Town of Hertford – Water Treatment System Improvements, $2,193,950 (grant)

Town of Highlands – Dog Mountain Road Water System Improvements, $3,386,495 (grant)

Town of Marion – Clinchfield Subbasin Rehab/Replacement, $3,244,430 (grant)

Town of Maxton – Collection System Improvements, $7,033,500 (loan)

Town of McAdenville – Water System Improvements, $3,269,750 (grant)

Town of McAdenville – Waterline Rehabilitation, $1,730,250 (grant) and $2,018,798 (loan)

Town of Pilot Mountain – Collection System Improvements, $6,313,500 with $500,000 principal forgiveness

Town of Red Springs – Water Distribution System, $7,181,373 (grant)

Town of Selma – Collection System Improvements, $8,250,000 (grant)

Town of Southern Pines – Sewer Rehabilitation Improvements, $4,999,950 (grant)

Merger and Regionalization Studies

Town of Clarkton – MRF Sewer System, $50,000

Town of Taylorsville – MRF Water System, $90,000

Asset Inventory and Assessment Grants

City of Archdale – Water System AIA, $242,000

Baton Water Corporation – Water System AIA, $233,000

Town of Clarkton – Sewer System AIA, $240,000

Town of Elkin – Water System AIA, $240,000

Town of Harmony – Water System AIA, $233,000

Town of Jefferson – Water System AIA, $200,000

Town of Jefferson – Sewer System AIA, $200,000

Town of Pilot Mountain – Water System AIA, $252,000

Town of Pinebluff – Water System AIA, $233,000

City of Rocky Mount – Sewer System AIA, $400,000

Town of Selma – Water System AIA, $248,500

Town of Southern Pines – Water System AIA, $200,000

Town of Southern Pines – Sewer System AIA, $200,000

Town of Taylorsville – Water System AIA, $155,000

Town of Tryon – Water System AIA, $254,500

Town of Tryon – Sewer System AIA, $261,500

Town of White Lake – Water System AIA, $240,500

Golden LEAF

Town of Elizabethtown – Live, Work, Play Project, $364,896

Town of Elizabethtown – Stormwater Project, $132,000

NC EM Disaster Recovery and Mitigation

Maggie Valley – WWTP Flood Mitigation, $359,345

Division of Coastal Management Resilient Coastal Communities Program (Phase 3)

City of New Bern – $45,000

Town of Hertford – $45,000

Town of Swansboro – $45,000

Dare County – $45,000

Would you like to put WithersRavenel’s Funding & Asset Management team to work for your community? Contact Director of Funding Amanda Whitaker at (336) 605-3009 or awhitaker@withersravenel.com.