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New Rural Water Financing Agency tools offer faster, fixed-rate financing for small systems
Summary
The California Rural Water Association described the Rural Water Financing Agency pooled-loan products that allow fast access to construction financing (60—120 days), fixed rates and options that ease USDA takeout constraints for public agencies.
Julia Martinez of the California Rural Water Association presented the Rural Water Financing Agency, a pooled public financing mechanism available to public agencies that can provide interim construction financing and fixed-term debt with competitive, standardized underwriting. Martinez said the program provides rapid access to funds ("60 to 120 days") and that typical interest-cost examples earlier…
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