&EPA
United States
Environmental Protection
Agency
CENTER FOR ENVIRONMENTAL FINANCE
Answering the "How to Pay" Question of Environmental Stewardship and Compliance
November 2015
CEF Moves to the Office of Water
During the summer, EPA's Administrator Gina McCarthy made the decision to
move the Center for Environmental Finance (CEF) from the Office of the Chief
Financial Officer (OCFO) to the Office of Water. Effective September 6, the CEF
joined the team that will make up the new Water Infrastructure Resiliency and
Finance Center within the Office of Wastewater Management.
CEF and the Environmental Finance Program had operated within OCFO and its
predecessor, the Office of the Comptroller since 1988. During its time in OCFO,
the CEF was highly successful in working with federal, state, and local agencies,
along with the private sector and others in the regulated community, learn how to
pay for environmental facilities and services and acquire the tools and resources
they need to meet environmental requirements.
CEFs accomplishments include:
• Creation and management of the Environmental Financial Advisory
Board (EFAB) - EFAB was established and chartered in 1989 under the Fed-
eral Advisory Committee Act and provides EPA with a cross-media, intergov-
ernmental perspective on environmental and economic goals while emphasiz-
ing cost-effective, risk-based approaches and public-private partnerships.
• Creation and management of the Environmental Finance Center Grant
Program - EFCs work with the public and private sectors to promote a sus-
tainable environment, bolstering efforts to address difficult how-to-pay issues.
Clients are typically communities that lack the management capacity to ad-
dress these issues on their own.
* Lunch and Learn Program - CEF contributes to agency expertise by bring-
ing in environmental finance experts to discuss with interested employees
various environmental community projects, the development and application
of innovative tools, and proven financial approaches.
* Guidebook of Financial Tools (Domestic and International) - Reference
documents designed to assist interested parties with finding the means of
financial environmental protection initiatives appropriate to their community
needs.
* Environmental Finance Website - The environmental finance information
network is designed to provide information on innovative financing alterna-
tives for state and local environmental programs, small businesses, and the
general public, and is one of EPA's most popular.
"CEF has created a
strong foundation on
which OW can build the
new Water Infrastructure
and Resiliency Finance
Center. I would like to
thank the CEF staff for
all of their accomplish-
ments...."
David A. Bloom
Deputy Chief Financial Officer
In This Issue
. CEF Moves to the
Office of Water
. Selection of EFC
Grant Recipients
. EFAB Recruits New
Members
EPA-800-N-15-001
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Selection of Environmental Finance Center Grant Recipients
The U.S. Environmental Protection Agency has selected eight universities and one technical assistance provider to receive grant
awards through the Environmental Finance Center Grant Program. Awardees were selected through a competitive grants process,
administered by EPA. Applications were accepted from public and private non-profit universities and colleges and non-profit organi-
zations subject to 2 CFR part 200.
Under this grant program (FY 2016-2021), the EFCs will operate across the nation to provide multi-media environmental financial
expertise and technical assistance to regulated communities (e.g., states, tribes, local governments, and the private sector). The
selected EFCs will help address the growing costs of protecting public health and the environment in a sustainable manner and
develop solutions to the critical "how-to-pay" issues associated with meeting environmental goals.
This selection of EFC recipients will provide environmental financing services covering 44 states and 6 U.S. territories. EPA is in
the process of announcing another competition to solicit eligible applicants to support communities in the remaining states of Mon-
tana, Wyoming, North Dakota, South Dakota, Utah, and Colorado.
Awardees
University of Southern Maine
Serving EPA Region 1: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont
Syracuse University
Serving EPA Region 2: New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands
University of Maryland
Serving EPA Region 3: Delaware, District of Columbia, Maryland, Pennsylvania, Virginia, and West Virginia
University of North Carolina @ Chapel Hill
Serving EPA Region 4: Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee
Michigan Technological University
Serving EPA Region 5: Illinois, Indiana, Michigan, Ohio, and Wisconsin
University of New Mexico
Serving EPA Region 6: Arkansas, Louisiana, New Mexico, Oklahoma, and Texas
Wichita State University
Serving EPA Region 7: Iowa, Kansas, Missouri, and Nebraska
California State University @ Sacramento
Serving EPA Region 9: Arizona, California, Hawaii, Nevada, American Samoa, Commonwealth of the Northern Mariana Islands,
Federated States of Micronesia, Guam, Marshall Islands, and Republic of Palau
Rural Community Assistance Corporation
Serving EPA Region 10: Alaska, Idaho, Oregon, and Washington
For more information on the Environmental Finance Center' Program, please visit: http://www2.epa.gov/envirofinance/efcn
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Current EFAB
Projects
. P3s for Water
Infrastructure
Projects
• Financing
Stormwater and
Green Infrastructure
Programs
• Financing O&M
Costs at Green
Infrastructure Sites
. Financing Pre-
Development
Activities in
Communities
• Affordability
Challenges in the
Water Sector
• Financial Capacity
Development for
Small Drinking/
Waste water
Systems
EFAB Recruits New Members
EFAB is an independent advisory committee chartered in 1989 under FACA which
provides a role for the public to participate actively in the federal governments
decision-making process. The FACA allows the government to draw on the exper-
tise of committee members, providing federal officials information and advice on a
broad range of issues affecting federal policies and programs.
EFAB's membership consists of experts from the finance and banking communi-
ties, business and industry, national organizations, state and local governments,
and academia.
From our last solicitation for new membership to the Board, EFAB recruited seven
new members. They represent a wide range of diversity and expertise in their
fields and will be a great asset to EFAB and the EPA. They are as follows:
Mr. Aurel M. Arndt, General Manager and CEO
Lehigh County Authority
Macuhgie, PA
Mr. Jeff Walker, Deputy Executive Administrator
Texas Water Development Board
Austin, TX
Mr. Courtney Knight, Managing Director
Invest Atlanta
Atlanta, GA
Ms. Hope Cupit, President and CEO
Southeast RCAP
Roanoke, VA
Mr. Jeff Hughes, Director
University of North Carolina
Chapel Hill, NC
! Chapel Hill EFC
Ms. Joanne Throwe, Deputy Director
Maryland Department of Natural Resources
Annapolis, MD
For more information on the Environmental Financial Advisory Board, please visit:
http:www2.epa.gov/envirofinance/efab
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