Learn about OWDA Investor Relations, including ESG Program, Featured News, Key Projects, The Team, and Credit Summary.
The Ohio Water Development Authority's mission is to provide financial assistance for environmental infrastructure from the lending for such purposes to local governments in Ohio, and sale of revenue bonds secured by such loans. The authority consists of eight members, including: five members appointed by the governor each who serve an eight year term, the director of natural resources, the director of environmental projection and the director of development.
Learn about our environmental, social, and governance program, and how we bring those values to life with green bonds, sustainable projects, and more.
View Program DetailsMoody's Investors Service has assigned a Aaa rating to the proposed approximately $167.6 million of Ohio Water Development Authority (OWDA), Water Development Revenue Bonds,
Fresh Water Series 2018 (the "Bonds"). Moody's also maintains a Aaa rating on all outstanding parity bonds. The outlook on the rating is stable.
Chief Engineer
The Fresh Water Program began lending to Local Governments in 1992. Fresh Water has made loans to 387 local governments with 1248 total projects financed. Total principal financed of $2,539,166,837 of which $1,608,008,217 remains outstanding.
The Water Pollution Control Loan Fund (WPCLF) provides financial and technical assistance to public or private applicants for planning, design and construction of a wide variety of projects to protect or improve the quality of Ohio's water resources.
Since 1989, the WPCLF has been awarded over $2.6 billion of federal capitalization grants which have been matched with over $526 million of State matching funds. The WPCLF has funded 1,253 projects with $6.9 billion in loan value outstanding to 353 different Governmental Agencies.
Eligible projects include new wastewater infrastructure construction and existing system upgrades, aquatic habitat restoration, and home sewage treatment system improvements.
Under legislation effective November 26, 1997, The Drinking Water Assistance Fund (DWAF) Program was established in 1998 with federal capitalization grants from the United States Environmental Protection Agency to provide funds to public water systems for the cost of facility improvements to meet Safe Drinking Water Act standards.
Since 1998, the DWAF has been awarded over $692 million of federal capitalization grants which have been matched with nearly $139 million of State matching funds.
The DWAF has funded 782 projects, with $1.8 billion in loan value outstanding to 263 different Governmental Agencies.
