Ohio Water Development Authority, Columbus, Ohio, USA

Ohio Water Development Authority - Serving Ohio Since 1968

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Interest Rates

Period:

10/1/2021 - 10/31/2021

OWDA Market Rate Program

Loan Terms 5 to 20 Years: 1.73%
Loan Terms 21 to 30 Years: 1.94%

Community Assistance

Loan Terms 5 to 20 Years: 0.50%
Loan Terms 21 to 30 Years: 0.75%

Loan Advance Program

Loan Term up to 3 Years: 1.60%

WPCLF and DWAF (WSRLA) Rates

Loan Terms 5 to 20 Years
Standard Rate: 0.48%
WPCLF Small Systems: 0.24%
DWAF Small Systems: 0.24%

Loan Terms 21 to 30 Years
Standard Rate: 0.64%
WPCLF Small Systems: 0.32%
DWAF Small Systems: 0.32%

Loan Terms 31 to 45 Years *
Standard Rate: 0.79%
WPCLF Small Systems: 0.40%

* Applies to WPCLF Program only.

Refinance Rates

Estimated as of October 20th, 2021*
10 Year Term Tax-Exempt: 0.85%
20 Year Term Tax-Exempt: 1.58%
30 Year Term Tax-Exempt: 1.96%

10 Year Term Taxable: 1.56%
20 Year Term Taxable: 2.38%
30 Year Term Taxable: 2.74%

* Rates are based on the market rate as of the date listed and using the weighted average maturity (“WAM”) for each loan term. Based upon an assumed level payment amortization, a 10-year loan is estimated to have a WAM of 5 years, a 20-year loan a WAM of 11 years and a 30-year loan a WAM of 16 years.

Loan Application Deadline

Construction and Planning Loan applications are due the 1st of each month, except for November (no meeting) and December.

Refinance loan applications are accepted on open cycle.

OWDA BOARD AWARDS SEPTEMBER LOANS

The Ohio Water Development Authority awarded $2.2 million through low interest loans to Ohio communities to improve wastewater and drinking water infrastructure and make water quality improvements for Ohioans. For the month of September, the Authority funded 6 projects that will provide improvements and replace aging infrastructure. The 6 awarded projects received an interest rate ranging from 1.46% to 1.67%.

Click here for the full press release.

REVISED Fresh Water Construction Loan Application

On May 27, 2021, the OWDA Board approved changes to the interest rate discount for construction loans in the Fresh Water Loan Program guidelines. The loan application has been updated to show these changes, which are effective with the July 1, 2021 application deadline. Additional information is located on the Construction/Planning Loan Program.

Click here

FRESH WATER REFINANCE LOAN PROGRAM

Refinance Logo On January 28, 2021, the Ohio Water Development Authority Board approved the program guidelines for the Fresh Water Refinance Loan Program. Through this program, OWDA can refinance the debt for drinking water, wastewater, and storm water projects. Fresh Water Program loans, Water Pollution Control Loan Program loans, and the Drinking Water Assistance Fund Program loans are not eligible for this program. Click here for additional information.

Governing Body

Mike DeWine

Governor

James V. Stewart

Chairman

Ken J. Heigel, P.E.

Executive Director

Board Members

SEC Municipal Advisor Notice

Contact Us

480 South High Street
Columbus, Ohio 43215

614-466-5822 (Main)
614-644-9964 (Fax)
614-448-3367 (HR Fax)
877-OWDA-123 (Toll Free)

Meetings

Board Meetings:

The next scheduled Board Meeting is Thursday, October 28, 2021 at 10:30 a.m. at the Ohio Water Development Authority, 480 South High Street, Columbus, Ohio. The meeting will also be available via live stream.