Ohio Water Development Authority - Serving Ohio Since 1968

Local Economic Development Loan Program

Local Economic Development Loan Program



Information and Loan Application Documents

INFORMATION

On June 29, 1995, the Ohio Water Development Authority Board created the Local Economic Development (LED) Loan Program. Through this program, OWDA can provide financial assistance for water and sewer projects for industries making a significant investment in Ohio and creating new jobs.

For more details, see the Local Economic Development Loan Program Guidelines. Please note that projects must be constructed using prevailing wage.   

Applications are accepted on an open cycle.  OWDA will begin to review a project after a complete application has been received. Your application will be presented to the OWDA Board for approval after it has been determined that the local government has the ability to repay the loan.


For questions regarding the Local Economic Development Loan Program or to discuss a potential project, please contact:

          Kim Killian, Loan Officer
          480 South High Street
          Columbus, OH 43215
          Phone:   (614) 466-0228

          Email

         

LED LOAN APPLICATION DOCUMENTS

Prior to submitting an application for the LED Loan Program, please contact our Loan Officer, Kim Killian (email). The following loan application documents must be completed and submitted as part of a complete loan application. 

  • LED Loan Application
  • Projection of revenue (included in application)
  • Rate ordinance (current rates/tap in fees)
  • Current year operating budget
  • Fund reports that show revenue, expenses, and debt service reserve
  • Construction bid tabs or certified engineer's itemized cost estimate
  • Engineering agreement (only required if costs are to be included in the loan)

The following loan application documents are required to complete the loan process; however, they may be provided to OWDA at a later date if they are not available at the time of application.  Click on documents in blue to download.


How can we help?