Green Project Reserve (GPR)
Historically, the capitalization grant agreement required the program to direct a portion of the capitalization grant towards projects that address green infrastructure, water efficiency, energy efficiency or other environmentally innovative activities. To the extent possible, it is the intention of the program to promote green projects within the state. All green project reserve terms may be subject to authority board action and are not guaranteed.
If the SRF has green project reserve funds available, the reduced interest rates below or linked here apply.
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Reduced interest rates are only for the first $3 million of your WPCRF GPR loan. If the loan request is more than $3 million, the prevailing Interest rate applies to a loan request above $3 million.
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Leveraged loan projects over $3 million are eligible for the reduced interest rate on the first $3 million.
WPCRF Loans Only
Green Project Reserve (GPR) Loans
**GPR Qualified loan first
$3 million dollars of loan request
15%
of Project cost is determined to be Green
1.75%
up to 30-year loan term
**GPR Qualified loan first
$3 million dollars of loan request
20%
of Project cost is determined to be Green
1.50%
up to 30-year loan term
*All interest rates are approved by the Authority's Board of Directors and are subject to change anytime throughout the year at the Authority Board's discretion.
** The percentage of Project cost that qualifies an entity is determined by the State Revolving Fund (SRF) Project Manager and WQCD Engineering unit.
*** If determined Green only the first $3 million of your loan request can have a reduced interest rate. For more information click here.