Local Water Protection Program Questions and Answers
What Practices Can Be Funded?
Virtually all practices eligible for State Cost Share/IFIP, REAP and EQIP are eligible under the LWPP. These practices may include but are not limited to:
Terraces, grade stabilization structures, water & sediment control basins. · Waste storage structures
Pasture and hayland planting
Grassed waterways and filter strips
Field borders, windbreaks and riparian forest buffers.
What are the Loan Terms?
Loans from $5,000 to $50,000
Terms up to 10 years
Can fund up to 100% of actual costs
Interest rate up to 3% - fixed rate
Funding is available when you need it
Applications are accepted year-round
No penalty for pre-payment
Linked deposit loan structure
How to Apply
Begin by talking to your local Soil and Water Conservation District (SWCD)
What is a Linked Deposit Loan?
Under a linked deposit loan approach, the Iowa Finance Authority (IFA) works with local private lending institutions to provide assistance for water quality practices. The IFA agrees to accept a 0% rate of return on an investment (e.g., a certificate of deposit) and the lending institution agrees to provide a loan to eligible borrowers at 3% or less. It’s up to your Soil and Water Conservation District to approve your project, and it’s up to your lender to qualify you for financing.