Ohio Water Development Authority - Serving Ohio Since 1968

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Interest Rates


6/1/2024 - 6/30/2024

Fresh Water Program
Market Rate

Loan Terms 5 to 20 Years:  3.98%
Loan Terms 21 to 30 Years:  4.31%

Fresh Water Program
Community Assistance

Loan Terms 5 to 20 Years:  1.75%
Loan Terms 21 to 30 Years:  2.00%

Loan Advance Program

Loan Term up to 3 Years: 4.85%


Loan Terms 5 to 20 Years
Standard Rate: 2.73%
WPCLF Small Systems:  2.23%
DWAF Small Systems:  2.23%

Loan Terms 21 to 30 Years
Standard Rate:  3.01%
WPCLF Small Systems:  2.51%
DWAF Small Systems:  2.51%

Loan Terms 31 to 45 Years *
Standard Rate:  3.16%
WPCLF Small Systems:  2.66%

* Applies to WPCLF Program only.

Refinance Rates

Estimated as of June 13th, 2024*
10 Year Term Tax-Exempt: 3.19%
20 Year Term Tax-Exempt: 3.18%
30 Year Term Tax-Exempt: 3.69%

10 Year Term Taxable: 4.79%
20 Year Term Taxable: 5.00%
30 Year Term Taxable: 5.31%

* 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

The OWDA Board meets the last Thursday of the month during January to October; and the second Thursday in the month of December. Applications are due the 1st of the month that the loan will be approved. For December approval, the loan application is due on November 1st.

Refinance loan applications are accepted on open cycle.




The Ohio Water Development Authority seeks an Executive Director to direct, manage, and administer the affairs of OWDA in accordance with policies established by the Board of Directors and subject to the Ohio Revised Code. Qualifications include a Bachelor’s degree with coursework in Government, Political Science, Economics, Finance, Accounting, Environmental Science, or Engineering. A minimum of ten years' experience in public administration, public finance, or environmental programs is required. Generous benefits feature medical insurance, paid leave, and participation in the Ohio Public Employees Retirement System.  Click here for more job details.  E-mail résumé and cover letter as an attachment to Stephen.ott@roberthalf.com. 



The Ohio Water Development Authority is seeking research and development proposals to address issues related to wastewater, drinking water, water resource management, solid waste management and energy resource development in Ohio. Applications are being accepted until Friday, June 7, 2024.

Click HERE for additional information and application guidelines..


The Ohio Water Development Authority awarded $29.8 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 May, the Authority funded 16 projects that will provide improvements and replace aging infrastructure. The 16 awarded projects received an interest rate ranging from 3.37% to 3.85%.

Click here for the full press release.

Governing Body

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Mike DeWine


R. Gregory Browning


Todd Skruck

Interim-Executive Director

Board Members

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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)


Board Meetings:

The next scheduled Board Meeting is Thursday, June 27, 2024 at 10:30 a.m. at the Ohio Water Development Authority, 480 South High Street, Columbus, Ohio. 

Ohio Rural Community Assistance Program (RCAP) Seminars.

Click here for full seminar schedule of topics, dates and times.


2023 Annual Report

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Audited Financial Statement

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