Residential Green Stormwater Infrastructure Revolving Loan Fund: Applications Open
The Green Stormwater Revolving Loan Fund will provide low-interest loans to residential property owners to install green stormwater infrastructure (GSI) on their property. GSI helps soak up stormwater runoff close to where the rain and snow falls. Overtime, GSI practices distributed across the city, will help build resiliency to changing weather patterns and intense storm events.
In addition to proven water quality benefits, GSI can provide many important benefits to our community, including lessen nuisance flooding, provide shade, improve air quality and public health, and reduce costs associated with traditional “gray” stormwater infrastructure.
Eligible Work Includes:
Permeable Surfacing for Driveways and Sidewalks
Rain Gardens
Stormwater Planter Boxes
All projects and products must be approved by the Public Works Department.
Loan Terms:
Maximum repayment is 10 years, payable in equal consecutive monthly installments.
2% Interest Rate
Loan amount is $10,000.
Loans greater than $10,000 shall be considered on a case-by-case basis.
Interested applicants are strongly encouraged to make an appointment with Public Works staff to discuss proposed projects prior to submitting a loan application.