The Philadelphia Water Department and the Philadelphia Industrial Development Corporation have announced a new Stormwater Management Incentives Program (SMIP) Grant, which complements the existing SMIP Loan Program. The Stormwater Management Incentives Program was designed to provide low-cost financing for commercial property owners to design, construct, and implement stormwater management systems that prevent runoff from overloading the City's sewer system and waterways.
The launch of this new program means that commercial property owners will now be able to apply for direct grant funding for the implementation of stormwater management improvements at their properties.
The Philadelphia Water Department will be solely responsible for determining which applicants receive SMIP awards. Some applicants may receive SMIP grants while others may receive a combination of SMIP grants and loans. Still others may only receive a SMIP loan.
Stormwater management and stormwater management fees have been the subject of considerable debate over the last several years. This program presents an opportunity to take advantage of public resources to address stormwater mitigation and save to money on future water bills.
All applications must be submitted by March 31, 2012.
Blank Rome's land use attorneys have extensive experience in dealing with both the Water Department and the Philadelphia Industrial Development Corporation and can assist individuals in navigating the application and approval process.
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