Ohio Water Development Authority - Serving Ohio Since 1968

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Interest Rates

Period:

12/1/2024 - 12/31/2024

Fresh Water Program
Market Rate


Loan Terms 5 to 20 Years:  3.84%
Loan Terms 21 to 30 Years:  4.14%

Fresh Water Program
Community Assistance


Loan Terms 5 to 20 Years:  1.64%
Loan Terms 21 to 30 Years:  1.94%

Loan Advance Program


Loan Term up to 3 Years: 4.18%

WPCLF and DWAF (WSRLA) Rates


Loan Terms 5 to 20 Years
Standard Rate: 2.59%
WPCLF Small Systems:  2.09%
DWAF Small Systems:  2.09%

Loan Terms 21 to 30 Years
Standard Rate:  2.84%
WPCLF Small Systems:  2.34%
DWAF Small Systems:  2.34%

Loan Terms 31 to 45 Years *
Standard Rate:  2.99%
WPCLF Small Systems:  2.49%

* Applies to WPCLF Program only.

Refinance Rates

Estimated as of November 21st, 2024*
10 Year Term Tax-Exempt: 2.96%
20 Year Term Tax-Exempt: 3.28%
30 Year Term Tax-Exempt: 3.63%

10 Year Term Taxable: 4.76%
20 Year Term Taxable: 5.19%
30 Year Term Taxable: 5.51%

* 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.


LOAN ANALYST JOB OPPORTUNITY

The Ohio Water Development Authority seeks a Loan Analyst who will work with local governmet agencies to plan, structure, and award loans and grants for environmental infrastructure projects. In addition, the Loan Analyst will analyze the financial capacity of local government agencies, and provide risk analyses to the Loan Officer. Qualifications include a Bachelor's Degree from an accredited institution or equivalent experience in a related field. This is a full-time, hybrid work location position. Generous benefits feature medical/dental/vision insurance, paid leave, and Ohio Public Employees Retirement System. Click here for more job details. E-mail resume as an attachment to hr@owda.org or fax to 614-448-3367. 



ENGINEER JOB OPPORTUNITY

The Ohio Water Development Authority seeks an Engineer to provide technical assistance to the Authority, the Deputy Executive Director of Program Operations, and the Senior Engineer while assisting local governments on proposed and funded projects. The Engineer reviews, approves, and processes loan disbursements and contractor change orders under the direction of the Deputy Executive Director of Program Operations, and the Senior Engineer. Qualifications include a Bachelor's Degree in civil engineering, environmental engineering, or construction management from an accredited institution and two years of experience in the field of construction. This is a full-time, hybrid work location position. Generous benefits feature medical/dental/vision insurance, paid leave, and Ohio Public Employees Retirement System. Click here for more job details. E-mail resume as an attachment to hr@owda.org. 



OWDA BOARD AWARDS OCTOBER LOANS

The Ohio Water Development Authority awarded $11.7 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 October, the Authority funded 10 projects that will provide improvements and replace aging infrastructure. The 10 awarded projects received an interest rate ranging from 1.87% to 3.78%.

Click here for the full press release.


 

OWDA WELCOMES MICHAEL FRAIZER AS EXECUTIVE DIRECTOR

The Ohio Water Development Authority is pleased to introduce Michael Fraizer as its Executive Director effective September 16, 2024. Mr. Fraizer is currently serving as the sixth Executive Director since the organization’s inception in 1968. He has familiarity with the organization as a previous board representative for the Ohio Department of Development. Mr. Fraizer brings a wealth of knowledge and experience to this position that will continue the legacy of success for the OWDA.

Mr. Fraizer has accumulated an 18-year state government career that includes service in a variety of policy, program and administrative capacities. Most recently, he served as the Deputy Director of Program Operations at the Ohio Department of Development. He previously has worked at the Ohio House of Representatives, Public Utilities Commission of Ohio, and the Office of the Governor. He has a B.A. in Integrated Social Studies from The Ohio State University and a Master of Public Administration from Ohio University. Mr. Fraizer currently resides in Newark, Ohio with his wife and two children.

 

Governing Body

Ohio State Flag

Mike DeWine

Governor


R. Gregory Browning

Chairman 


Mike Fraizer

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)

Meetings

Board Meetings:

The next scheduled Board Meeting is Thursday, December 12, 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.

Publications

2023 Annual Report

Annual Report Cover

Audited Financial Statement

Audit Financial Statement

Privacy Statement

Privacy Statement

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