CLIMATE and ENVIRONMENT – Water Infrastructure Sponsorship Program (WISPr)

CLIMATE and ENVIRONMENT – Water Infrastructure Sponsorship Program (WISPr)

Supports projects to protect, conserve, or restore natural resources, including the acquisition of easements and land for the purpose of providing water quality benefits. Example projects include land conservation, wetland restoration projects, floodplain/stream restoration, river corridor easements, woody buffer plantings, lake shoreland retrofit, erosion repair using LakeWise principles, and dam removal.

Details

• Funding Entity: VT Department of Environmental Conservation
• Funding Type: Grant
• Funding Range: Up to 10% of the cost of a Clean Water State Revolving Fund (CWSRF) wastewater project’s loan principle
• Match Required: None required

Notes

Through this program, DEC staff links your project to an eligible CWSRF borrower. The borrower receives a reduction in administrative rate which leads to savings on their loan equal to the cost of the sponsored natural resource project. Upon completion of both the sponsoring wastewater project and the natural resource project, the balance of that loan is paid off by the sponsoring municipality's CWSRF loan.