Clean Water State Revolving Fund

The Clean Water State Revolving Fund loan program charges interest rates that are calculated based on criteria defined in Oregon Administrative Rule 340-054-0065. Different interest rates and other financial terms apply to different types of loans and to loans of differing repayment periods. Rates are adjusted quarterly, based on the average Bond Buyer rates of the previous quarter, as published by the Federal Reserve. Once a loan is signed, the interest rate is fixed for the life of the loan. If the schedule below indicates that a fee is charged, the fee amount is equal to 0.5% of the unpaid balance, and is collected once annually. These are the rates effective for loans executed from October 1 through December 31, 2017.

​Loan Type ​Repayment Term ​Interest Rate ​Annual Fee?
​Planning ​5 years ​.89% ​No
​Interim ​Paid when long-term financing is completed ​.89% ​No

​Small Communities, Below Statewide MHI ​

​Design/Construction ​5 years ​.89% ​Yes
Design/Construction ​10 years ​1.07% Yes
Design/Construction ​15 years ​1.24% Yes
Design/Construction ​up to 30 years ​1.48% Yes

​All Other Borrowers

Design/Construction ​5 years ​.89% Yes
Design/Construction 10 years 1.60% Yes
Design/Construction 15 years 1.78% Yes
Design/Construction 20 years 1.95% Yes
Design/Construction 30 years 2.45-2.95%
based on community demographic
Yes
Local Community Loan 10 years 1.60% Yes
Sponsorship Option 5-30 years Minimun rate =1% Yes

Contact

Contact Kathy Estes for additional financial information, or if you have questions about these loan terms at 503-229-6814.