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In the News

TWDB seeks State Water Implementation Fund for Texas project applications

Wednesday, December 07, 2016
Source: Texas Water Development Board

The Texas Water Development Board (TWDB) opened the application period for the 2017 funding cycle of the State Water Implementation Fund for Texas (SWIFT) program, which will accommodate about $500 million for projects in 2017 State Water plan.

“The first two cycles of funding through the SWIFT program were extremely successful, with the TWDB financing approximately $1.6 billion in state water plan projects,” said TWDB Board Chairman Bech Bruun. “In fact, our first SWIFT transaction was announced as the winner of the Bond Buyer's 2016 Southwest Region Deal of the Year in part because of the groundbreaking nature of the program. We are pleased to continue providing communities with this dedicated funding source.”

The TWDB is considering an important change for this cycle—the increase of subsidies offered for rural and agricultural projects. Preliminary projections indicate a subsidy level of up to 50 percent for loans. This year’s cycle will provide non-rural entities with interest subsidies that range from 16 to 35 percent depending upon the length of the loan and type of project.

The two-page preliminary SWIFT Program applications are due Feb. 3, 2017, and may be submitted via the TWDB’s online application or by paper copy.

> Submit an online application.

These applications provide information the TWDB needs to prioritize projects. Projects that receive priority for financial assistance will be invited to submit a full application, which will include a financial, legal, engineering, and environmental review.

> Learn more about the SWIFT program.
> Learn about the TWDB.
> Read TWDB’s full announcement about the SWIFT program.
> Discover CAPCOG’s Regional Services Division.

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