Hi-Desert Water District (HDWD) has explored multiple funding options to provide the best possible project at the lowest possible cost for our customers. HDWD has secured millions of dollars in federal, state and local grants in addition to debt forgiveness and low interest loans to help finance the project as cost-effectively as possible.
Funding sources include:
- U.S. Bureau of Reclamation Grant - HDWD has a $20 million allocation from the U.S. Bureau of Reclamation and as the District receives the monies it will be deducted from the annual assessment.
- State Revolving Fund - HDWD secured a loan from the State Water Resources Control Board State Revolving Fund by securing a low interest rate of 1%. This low interest rate dramatically reduces payments and financing costs.
- Community Development Block Grants - HDWD is applying for these grants to help support a low-income assistance program.
- Other Resources - HDWD is working to identify sources of funding that would support a low-income assistance program.